Cleveland Cavaliers fans are assured that Kevin Love is in town for the next four years. The 6’10 forward, on Tuesday, signed a four-year extension worth $120 million with the organization, sealing his relationship with the franchise for the period.
The new deal tops out his overall deal at five-years, $145 million, according to league sources. This should be good news for fans of the organization who hope to see the five-time All-Star around for much longer.
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 opted out of the 2019-20 season on his current contract of five years, and will reportedly earn $24.1 million in the 2018-19 season before the new four-year extension takes effect.
The Cavaliers front office organized a low-key signing ceremony for Love on Tuesday at the Quicken Loans Arena where employees of the organization and construction workers at the arena were present to witness the agreement.
With the exit of LeBron James from Cleveland to go join the Los Angeles Lakers, the Cavaliers desired to keep Love around for much longer, which the team owner and management ensured with the recent signing in hopes that the versatile forward can help keep their playoff hopes alive.