What happened: Mario Hezonja is reported to be leaving Real Madrid to sign with the Cleveland Cavaliers, per his agent Misko Raznatovic, who revealed the destination through a social media riddle. The move comes after LeBron James signed with the Philadelphia 76ers, clearing cap room the Cavaliers had earmarked for James.

Why it matters: Hezonja was the fifth overall pick in the 2015 NBA Draft and last played for the Magic, Knicks and Trail Blazers before returning to Europe. His comeback gives Cleveland an experienced wing option after missing out on James.

What to watch: Watch for Real Madrid's response to the disputed 850,000-euro buyout payment and official confirmation of Hezonja's contract terms with Cleveland.