There were reports on Monday that the Cavaliers were chasing free-agent Rasheed Wallace.

However, Brian Windhorst of the Cleveland Plain Dealer points out that rumors of a two-year, $20 million contract are false.

The Cavaliers do not have the salary cap space to make such a deal, and the free agent negotiating period doesn't begin until July 1.

Another report linked Cleveland to Zach Randolph in a "sign-and-trade," but the Clippers big man isn't a free agent.