Bringing back Gibson, a restricted free agent, was one of Cleveland's top priorities. Financial terms of the deal were not disclosed.

The guard averaged a career-high 10.4 points on 43 percent shooting last season. He sprained his left ankle in a Feb. 20 game at Indiana and missed 18 games.

Gibson, a popular player known by the nickname "Boobie," had arthroscopic surgery last month on the ankle. He's already back to playing basketball and is expected to be ready for training camp.

"He's got a great smile on the court. He can shoot the heck out of the ball and bring energy to our group because guys just love playing with him," Cavaliers general manager Danny Ferry said.

Aside from signing first-round draft pick J.J. Hickson last week, the Cavs have been quiet this offseason. Ferry hasn't been active in free agency because the Cavaliers are over the salary cap.

Ferry said the team has been talking to free agents and considering trades.