The Cleveland Cavaliers have waived point guard Kevin Pangos. Pangos joined the Cavs this offseason after playing the first six seasons of his career overseas.

Multiple reports from Europe say that Pangos has an agreement to sign with CSKA Moscow after he clears waivers in the NBA. That'll be a return to Russia for the Gonzaga product, as Pangos previously played for Zenit Saint Petersburg.

Pangos has also played for top clubs in Spain and Lithuania.

In playing for the Cavaliers, Pangos fulfilled a personal goal of making it to the NBA. As one of the top guards in Europe, Pangos had stated he hoped to eventually make the jump to the NBA.

As for Cleveland, they'll now have an open roster spot. That could allow the Cavs to add veteran help for their young roster, as they pursue a playoff run.