The Cleveland Cavaliers and Kevin Love have signed a new multi-year contract extension Cavs General Manager Koby Altman announced today.
According to ESPN, it’s a four-year, $120 million contract extension that tops out his overall deal at five years, $145 million,
“We are very excited to announce Kevin’s long-term commitment to the Cavaliers and Cleveland. This quickly became a partnership the second we began these discussions. Collaboration and winning matter greatly to Kevin and that was reflected in this extension,” said Altman. “Kevin’s talent and character are both at a very high level and he has earned his role at the center of what we want to do moving forward. As a five-time All-Star and NBA Champion, Kevin has a special understanding of exactly what success and winning require.”
“When I first came to Cleveland, I came with a long-term mindset,” said Love. “I came here to win. We developed a culture here that reflects that. I’m super excited and I couldn’t be happier. It’s a big commitment for me and it’s a big commitment from the Cavaliers, so I want to thank Dan Gilbert, Koby Altman and the entire organization. I enjoy playing here, I’m excited about the team that we have and look forward to our future together. Cleveland fans have been special from day one and I’m also looking forward to continuing to be a part of this great community.”
Love was an NBA All-Star this past season, appearing in 59 games (all starts) for Cleveland and averaging 17.6 points and a team-high 9.3 rebounds in 28.0 minutes per game.
Love, who is a 10-year NBA veteran, is one of only eight players in NBA history to accumulate 11,000 points, 7,000 rebounds and 1,000 three-pointers (Dirk Nowitzki, Jason Kidd, Kobe Bryant, Paul Pierce, LeBron James, Rasheed Wallace, Antawn Jamison), as well as the only player to ever hold a career average at least 10.0 rebounds and knock down 1,000 three-pointers or more.
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