Donovan Mitchell, Cavaliers Agree to Three-Year, $150.3M Contract Extension

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Donovan Mitchell, Cleveland Cavaliers Agree to Three-Year, $150.3M Contract Extension

Five-time All-Star guard Donovan Mitchell and the Cleveland Cavaliers have agreed to a three-year, $150.3 million maximum contract extension that includes a player option for the 2027-28 season, according to ESPN’s Adrian Wojnarowski.

Cleveland Cavaliers guard Donovan Mitchell could pursue a five-year extension worth more than $380 million in 2027

The deal allows the Cavaliers to keep their franchise player under contract beyond next NBA season. As for Mitchell, it delivers a guaranteed four years, $185 million total and a chance to reach the league’s 10-year service criteria. This would give Mitchell the greenlight to seek a five-year extension worth more than $380 million in 2027.

Mitchell and his agent, Austin Brown — co-head of CAA Basketball — met with Cavaliers president of basketball operations Koby Altman on Saturday in Los Angeles and reached an agreement on the extension, sources informed Wojnarowski.

According to ESPN’s report, Mitchell committed to a new contract after the Cavaliers informed the seven-year veteran and his representatives that the organization intends to continue building a championship roster.

In September 2022, the Cavaliers acquired Mitchell in a trade with the Utah Jazz that dealt Ochai Agbaji, Lauri Markkanen, Collin Sexton, three unprotected first-round picks (2025, 2027, 2029), and two pick swaps in 2026 and 2028.

Mitchell scored a combined 89 points in Games 6 and 7 of the Cavs’ 2024 first-round playoff series victory

Furthermore, in 55 games (all starts) of the 2023-24 season, Mitchell averaged 26.6 points and career highs of 5.1 rebounds, 6.1 assists, and 1.8 steals per game while shooting 46.2% from the field and 36.8% from 3-point range.

Mitchell had 89 points in Games 6 and 7 of Cleveland’s first-round playoff series victory over the Orlando Magic, second most in NBA postseason history for Games 6 and 7, per ESPN Stats & Information.

Additionally, Mitchell is the first guard to average a minimum of 20 points in each of his first seven seasons since NBA Hall of Famer and Philadelphia 76ers legend Allen Iverson.

In Cleveland’s 145-134 overtime win against the Chicago Bulls on Jan. 2, 2023, Donovan Mitchell scored a career-high 71 points and scored or assisted on 99 points, the second-most in NBA history since Wilt Chamberlain.

Of course, Chamberlain scored or assisted on 104 points from his 100-point outing versus New York on March 2, 1962. Mitchell became the first player in NBA history to record over 70 points and 10 assists in a single game.