Cavs exercise option on guard Dion Waiters (Yahoo Sports)

COLUMBUS, OH - OCTOBER 20: Dion Waiters #3 of the Cleveland Cavaliers shoots against the Chicago Bulls on October 20, 2014 at Schottenstein Center in Columbus, Ohio. (Photo by Gary Dineen/NBAE via Getty Images)

The Cavaliers have exercised the fourth-year contract option on guard Dion Waiters, a former first-round pick who could have a breakout season in Cleveland’s new offense. The Cavs were expected to pick up the option worth $5.1 million on Waiters and did so Saturday. Waiters averaged 15.3 point last season, but could get more open shots now that LeBron James, Kyrie Irving and Kevin Love will be occupying defenses. Waiters started just 24 games last season but he will be with the first five in the backcourt alongside Irving this season.

UNC’s Williams: ‘Very sad time’ after fraud report (Yahoo Sports)

North Carolina basketball coach Roy Williams reacts to questions regarding the release of a report on academic fraud at the university, following the team's NCAA college basketball exhibition game against Fayetteville State on Friday, Oct. 24, 2014, Chapel Hill, N.C. (AP Photo/The News & Observer, Robert Willett)

North Carolina basketball coach Roy Williams said Friday night it’s a ”very sad time” at the school after an investigation found widespread academic fraud and adds that his program ”thought we were doing the right thing.” After his team’s exhibition victory, Williams spoke for the first time in response to a report released Wednesday that outlined how fraud ran unchecked in the formerly named African and Afro-American Studies (AFAM) department for nearly two decades. Williams said he was ”dumbfounded” by the details in the report and said UNC ”made some mistakes for a long time” that damaged the school’s reputation and led the NCAA to reopen its probe into academic misconduct here. Justice Department official Kenneth Wainstein called the system a ”shadow curriculum” running from 1993 to 2011 within the department. The report stated Williams and other coaches said they were aware there were independent study courses offering easy grades, but they didn’t know the classes were bogus.

Sanchez Scores For Arsenal

Arsenal went 1-0 ahead against Sunderland thanks to Alexis Sanchez, meanwhile the much-maligned Mario Balotelli got another starting chance for Liverpool but it's 0-0 against Hull. Earlier Man City lost 2-1 at West Ham. Boot Room Live