Thompson agreed to a deal to play in Italy for Pallancanestro Varese, CSNBayArea.com reports.

Thompson spent the previous three seasons toiling in the D-League. In his 165 D-League appearances, he averaged 11.3 points, 3.3 rebounds, and 1.8 assists per game. Thompson's only stint in the NBA last five games during the 2011-12 season with the Cavaliers.

The Knicks have waived Mychel Thompson, Oscar Bellfield, John Shurna and Henry Sims.

The main fantasy story here is that Chris Copeland will make the 15-man roster. Copeland is someone to watch in deeper leagues. Thompson did start three games for the Cavs last year, but he might need some injuries to other teams to catch on at the NBA level.

Mychel Thompson or James White appear to be in a battle to start at shooting guard for the Knicks while Iman Shumpert and Ronnie Brewer recover from injuries.

J.R. Smith appears to be headed for the role of sixth man, leaving Thompson and White as the potential starters. Smith isn't going to be thrilled with the role, while Thompson and White are not exactly marquee names to be starting in the NBA. Smith is still the guy to own here, but whoever wins the starting job might be worth a last-round flier in fantasy drafts.

Knicks sign G/F Mychel Thompson.

Thompson is going to have to make an absolutely ridiculous impression in training camp to make the final roster, and we just don't see that happening.

Mychel Thompson was signed by CLE on Thursday March 22.

Cavs waived SG Mychel Thompson.

Thompson has started three straight games in place of Anthony Parker (back), but has made just 5-of-21 shots in that span. Daniel Gibson (neck) is healthy and projects as the starting shooting guard until Parker returns.

Mychel Thompson started at shooting guard with Anthony Parker (back) and Daniel Gibson (neck) out on Friday, but missed all six of his shot attempts and finished with just one assist to his credit.

Thompson still managed to stay on the floor for 30 minutes, but there is no fantasy value here.

Mychel Thompson started at shooting guard for the Cavaliers on Tuesday and had eight points, four assists, a steal and a block on 3-of-9 shooting.

Daniel Gibson and Anthony Parker were out with injuries, forcing Byron Scott to use the rookie out of position. Unless you're in an extremely deep league, leave Thompson on waivers.

Mychel Thompson is starting at shooting guard in Tuesday's game against the Celtics.

With both Anthony Parker (back) and Daniel Gibson (neck) out, Thompson gets the nod ahead of Alonzo Gee. Thompson is an undrafted rookie out of Pepperdine that has two career NBA appearances. We'd expect Gee and Ramon Sessions to get plenty of minutes at the "two" as well.

Cavaliers forward Mychel Thompson played the entire fourth quarter in Sunday's surprise win against the Celtics, as Daniel Gibson (neck) and Anthony Parker (stiff back) were unavailable.

Thompson was solid with four points, two rebounds and a steal in the quarter. It's interesting to note that he played ahead of Christian Eyenga, who is buried somewhere beneath Byron Scott's doghouse at this point.

Undrafted free agent forward Mychel Thompson will be on the Cavs' final roster if they don't make any more roster moves.

His father of the same name and brother Klay Thompson round out the NBA family, and Mychel reportedly made the roster after proving to be a better decision-maker than recently waived Manny Harris. Thompson will not have any fantasy value barring a slew of injuries.