Dogged by rumors that he was wanted out of Cleveland, franchise cornerstone Kyrie Irving and Cleveland Cavaliers owner Dan Gilbert tweeted early Tuesday that they have agreed to terms on a five-year contract extension.
The deal will be worth approximately $90 million, the maximum allowed under the NBA’s collective bargaining agreement, sources with knowledge of the situation told ESPN.
Irving had one year remaining on his contract. The agreement, which will go into effect next season and will run through the 2019-20 season, was announced by Gilbert on his Twitter feed.
Looking forward to the next 6 years of @KyrieIrving in CLE. Just shook hands &intend to sign on the 10th.Cant be more excited about @cavs…
– Dan Gilbert (@cavsdan) July 1, 2014
The contract cannot be signed until July 10.
Gilbert, Cavs general manager David Griffin, new coach David Blatt and other team officials traveled to Irving’s home in New Jersey and presented him with the offer just as free agency began at 12:01 a.m. ET Tuesday to put a bow on their offseason priority.
After Irving was noncommittal about his future in Cleveland for most of last season, he wasted little time after the market opened at midnight Tuesday to show Cavaliers fans that he’s all-in.
I’m here for the long haul Cleveland!!! and I’m ecstatic!! Super excited and blessed to be here and apart of something special.#ClevelandKID
– Kyrie Irving (@KyrieIrving) July 1, 2014
Irving has made two straight All-Star Games, was named MVP of last year’s festival in New Orleans and has positioned himself as the new-age point guard, a ball-dominant, score-first attacker.
But Irving also has been prone to injury, has had a difficult time getting on the same page with his backcourt mate Dion Waiters and has been criticized at times for a style of play that was perceived as selfish.
Irving, who will play for his third coach in four seasons, has yet to play in a playoff game in his first three years and grew irritated toward the end of last season by the constant speculation about his future in Cleveland.
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