If the Cleveland Cavaliers use the amnesty provision of the new collective bargaining agreement to waive Davis so the roughly $27 million he is owed over the next two seasons doesn't count against their salary cap, he's expected to generate interest among contenders like the Lakers and Miami Heat, as well as teams in need of point guard depth like the Charlotte Bobcats or New York Knicks.
Those teams could either claim him off waivers, or, if he clears waivers, sign him to a free agent contract.
Davis dismissed talk of a homecoming to Los Angeles following an exhibition game to raise money for "Kids in Sports" that he hosted Sunday at L.A. Southwest College.
"Come on, don't start that," he joked. He did not, however, dismiss the notion that he could be waived by the Cavaliers under the new CBA.
"When the season starts, when training camp starts I'll be a Cleveland Cavalier until they tell me otherwise," Davis said. "I know my name has come up with the amnesty thing, and a lot of people have said I'm going this place or I'm going that place. My whole thing is to be ready for the season to help any team that I'm on. I welcome any challenge."
Davis said that his preference is to remain with the Cavaliers so that he can mentor young point guard Kyrie Irving, whom the team chose with the No. 1 pick in the 2011 NBA draft.
"Having that opportunity to go to Cleveland and kind of like restart my career is something that I really cherish," he said. "But I know that it's a business, and I know with my contract that it was going to be tough for the team to absorb my contract, so I'm sure I'll be considered one of those players that is going to get amnestied."
Davis' agent Todd Ramasar said that he wasn't sure what the Cavaliers would do, or how the new amnesty clause will work.
"Baron loves the city of Cleveland, appreciates the ownership of Dan Gilbert, Byron Scott as the coach. They've got a fine organization and they're putting together a winning product," Ramasar said.
"Once the dust settles on this deal, and depending on what the rules are that govern the amnesties, I think it's fair to say Baron would be a candidate. It's just a matter of whether that happens or not."
Ramona Shelburne is a reporter and columnist for ESPNLosAngeles.com.