The Cavs are expected to offer free agent center Greg Oden a two-year contract with a team option for a third year after the Feb. 21 trade deadline passes, a league source said. The contract would begin immediately.

The Cavs have about $4 million in cap space, which they are preserving now for potential trades. Teams around the league don't want to sign Oden until after the trade deadline.

Oden has visited with the Boston Celtics and could meet again with the Cavs in the coming weeks, his agent said Friday.

Oden is living nearby in Columbus. His agent, Mike Conley Sr., said last week Oden has been to see the Cavs a couple of times already, but was evasive when pressed as to what capacity.