EPSN is reporting that Mitchell agreed to a $150.3 million maximum contract extension and includes a player option for the the 2027-2028 season.
Mitchell’s choice to commit to the Cavaliers had been expected for some time. Still, there was plenty of anxiety inside Cleveland’s fanbase, which cannot forget LeBron James leaving the franchise as a free agent in 2010 for Miami.
The extension includes a $54 million player option for the 2027-28 season, the person said. Mitchell was under contract for one more season. Technically, Mitchell’s new deal means he can become a free agent in three years, raising the Cavs’ urgency to compete for a title. “All year I’ve been saying the same ,” Mitchell said while driving. “I’m saying how much I like it every day. It’s like, ‘Oh, he going to do this. He going to do that.’ I don’t get it. I don’t understand it. I think it’s hilarious.
“We feel good about Donovan,” Altman said Monday. “He’s in a great space mentally. He’s healthy. Really enjoyed the fact that him and Kenny could sit down and talk about the future, talk about the team. It appeared he was on his way to play for his hometown New York Knicks before Cleveland swooped in. Mitchell’s arrival accelerated the Cavs’ rebuild, which began when James left as a free agent for the second time in 2018 for the Lakers.
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