CLEVELAND (AP) — Donovan Mitchell has agreed to a three-year, $150.3 million contract extension with the Cleveland Cavaliers, a person familiar with the decision told The Associated Press on Tuesday.
The 27-year-old guard spent much of last season saying he was happy playing for Cleveland, which acquired him in a trade from Utah in 2022. The Cavaliers have made the playoffs in both seasons with Mitchell, one of the league’s top guards.
He agreed to the extension in Los Angeles over the weekend, according to the person, who spoke to the AP on condition of anonymity because the NBA prohibits deals from being announced until its moratorium ends Saturday. ESPN was first to report Mitchell’s agreement.
The extension includes a $54 million player option for the 2027-28 season. Mitchell was under contract for one more season and will be eligible to become a free agent in three years.
The new deal also makes Mitchell eligible for an upcoming extension worth $380 million.
Shortly after news of Mitchell’s extension broke, the five-time All-Star posted a video on social media from the film “The Wolf of Wall Street” in which actor Leonardo DiCaprio announces to his colleagues: “I’m not leaving.”
Mitchell averaged 26.6 points, 6.1 assists and 5.1 rebounds last season but was limited to just 55 games due to a left knee injury.
In two seasons with Cleveland, Mitchell has averaged 27.5 points, 5.2 assists and 4.6 rebounds.
2024-07-02 17:00:00
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