The Cavaliers are offering free agent forward Hakim Warrick their biannual exception, according to the Cleveland Plain Dealer.
League sources claim that Cleveland has an offer on the table for Warrick and that they are hoping for an answer within the next few days.
The biannual exception is worth just under $2 million, and the Cavaliers are believed to be offering a player option for the 2010-11 season as well.
If Warrick rejects the offer, Cleveland could turn to veteran Joe Smith.