A league source confirmed the decision with Hoops Wire.
Friday is the day NBA teams must decide whether to guarantee deals for the rest of the year.
For the Cavs, that’s basically a no-brainer with Stevens, who has helped fill in as the team has suffered through an array of injuries and players entering health and safety protocols.
Stevens, 24, is 6-foot-6 and in his second NBA season, both with the Cavs. He is averaging 3.8 points and 2.0 rebounds in 24 games, offering tons of hustle to go with it.
Stevens went undrafted out of Penn State in 2020, appearing in 40 games last year.