Cavs players and coaches are gathering for workouts for several days this week in Santa Barbara ahead of the start of training camp next week. The session is meant to create camaraderie ahead of the season. Last year, the team gathered in Miami for a camp that helped launch their eventual championship season.
Smith's agent, Rich Paul, and the Cavs have been in a standoff since July, when Smith opted out of his contract. No recent progress has been made in the talks, sources said. Smith, who played a significant role at both ends of the court, is seeking a multiyear deal.
Smith averaged 12.4 points per game last season, shooting 40 percent from the 3-point line.
Smith is focused on returning to the Cavs -- and the team wants him back -- but Smith likely won't hesitate to miss part of training camp to see if his leverage changes. Other teams currently have cap space, and events in the preseason can change the situation. Last season, the Cavs were at an impasse with Paul and free agent Tristan Thompson that saw Thompson miss all of the preseason before coming to terms.
The Cavs have had free agents miss the entire preseason in contract stalemates three times since 2007 --Thompson, Anderson Varejao and Sasha Pavlovic -- while Dan Gilbert has owned the team.
One of the reasons Smith's talks have failed to find common ground is the wide variety of contracts shooting guards signed during the offseason. Comparable shooting guards include Kent Bazemore (four years, $70 million), Eric Gordon (four years, $53 million) Jamal Crawford (three years, $42 million), Courtney Lee (four years, $48 million) and Joe Johnson (two years, $22 million).
Over the past two summers, the Cavs have locked up nearly every player on the roster to rich, multiyear deals -- including four-time MVP LeBron James, who signed a three-year, $100 million deal this summer. Last September, Smith bet on himself by agreeing to a deal that was only fully guaranteed for one season at $5 million.