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Kyrie Irving, Cavaliers agree to five-year, $90 million contract extension

Wed., July 2, 2014

Kyrie Irving isn’t going anywhere. Dogged by rumors that he has wanted out of Cleveland, Irving and Cavaliers owner Dan Gilbert tweeted Tuesday morning that they have agreed to terms on a new five-year contract extension. Neither side announced the terms of the deal, but several outlets reported that it was a maximum deal worth about $90 million that will keep him in Cleveland for the next six years. “Looking forward to the next 6 years of (at)KyrieIrving in CLE,” Gilbert tweeted not long after the free agent market opened at midnight on Tuesday. “Just shook hands (and) intend to sign on the 10th. Can’t be more excited about (at)cavs.” The deal cannot officially be signed until July 10, per NBA rules. – Associated Press

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