Powe traveled to Cleveland on Tuesday to have his knee examined by Cavaliers team medical personnel, with the expectation that he will sign a two-year, $1.77 million deal Wednesday.
A source told ESPN.com that Powe will sign for the league minimum for players with three years of service — $855,189. Cleveland will hold a team option for a second season at $915,852.
Powe, who re-tore the anterior cruciate ligament in his left knee during Game 2 of the Celtics’ first-round playoff loss to the Chicago Bulls, is not expected to be ready to play until sometime around February.