Oregon native Kevin Love has reportedly signed a 4-year, $120m extension with the Cleveland Cavaliers. The news was first reported by Adrian Wojnarowski and Brian Windhorst of ESPN.
ESPN reporting with @WindhorstESPN: Cavaliers forward Kevin Love has signed a four-year, $120 million contract extension --- topping out his overall deal at five-years, $145 million, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) July 24, 2018
Love’s contract was set to expire at the end of this season with a player option for 2019-2020. Now, the 29-year-old from Lake Oswego will be under contract with the Cavaliers until 2022-‘23.
Love’s future with the Cavaliers had been up in the air ever since LeBron James left Cleveland to sign with the Los Angeles Lakers. Love’s name was thrown around in trade rumors, he was linked to numerous teams including the Trail Blazers, and experts wondered if the Cavs would go full rebuild or just build around Love.
The answer is now clear: Cleveland is building a future with Kevin Love as its centerpiece.
For his career Love holds averages of 18.3 points, 11.3 rebounds, and 2.3 assists per game.
Kevin Love's extension (4 years) is at the max salary in 2019-20 and '20-21, then no raise in '21-22 and then decreases in '22-23. Took about $8M less than his full max, according to sources— Brian Windhorst (@WindhorstESPN) July 24, 2018
From @AlbertNahmad on @kevinlove: Love’s four-year, $120M extension, starting in 2019-20, is $9.7M less than his four-year, $129.7M max extension (and far under the five-year, $221M max contract he theoretically could sign next summer). Love can’t be traded for six months.— Marc Stein (@TheSteinLine) July 24, 2018