The Cavaliers converted Wade's two-way contract into a multi-year deal on Monday, Adrian Wojnarowski of ESPN reports.

The transaction is somewhat of a formality, but it will enable Wade to remain under contract with the team through the offseason and into the lead-up to the 2020-21 campaign. The former Kansas State standout saw limited action for the Cavs as a rookie, but he appeared in 30 G League games for the Canton Charge, averaging 14.2 points, 7.6 rebounds, 2.3 assists and 1.4 blocks per contest.

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