Derrick Rose agrees to 1-year, $2.1 million contract with Cavaliers.

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Derrick Rose has reached an agreement on a one-year deal with the Cleveland Cavaliers, according to ESPN and multiple reports.

It is a veterans minimum salary of $2.1 million, sources said.

The defending Eastern Conference champions met with Rose and his agent, B.J. Armstrong, on Monday. The 2011 MVP is expected to sign his contract as early as Tuesday.

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