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Dan Gilbert: Kyrie Irving agrees to max-contract extension with Cavaliers

Jul 1, 2014, 2:17 AM EDT

Kyrie Irving hemmed, and the Cleveland Cavaliers hawed.

In the end, it all worked out.

The Cavaliers, as expected, offered Irving a max contract shortly after free agency began tonight. Whatever problems Irving had with Cleveland, he put them aside to make around $90 million.

Cavaliers owner Dan Gilbert:

Irving was already locked into a $7,070,730 salary for next season, the final year of his rookie-scale deal. Gilbert reveals other details of the contract.

In giving Irving a five-year extension, the Cavaliers make Irving their designated player. That means Andrew Wiggins would be limited to a four-year extension if Irving is still on the team in three years.

It also means, by rule, Irving will receive a max starting salary with max raises.

As discussed previously, max salary is a bit of a misnomer, because there are multiple levels considered the max.

Projecting salary cap of $67,121,000 in 2015-16, Irving would be guaranteed at least $90,116,382 in a deal structured like this. The exact amount wouldn’t be determined until the cap is set a  year from now.

However, Irving and the Cavaliers could negotiate a contract that pays him up to $100,882,783 if he either wins MVP or is voted an All-Star starter next season. Again, that’s based on a $67,121,000 cap projection, and the exact amount would be determined once the actual cap is set – if Irving meets one of the criteria. If he doesn’t, he’d just get the lower max.

Irving can’t officially sign the deal until July 10, and he’d have until Oct. 31. It won’t affect the Cavaliers’ cap this summer, so there’s no reason to rush – and no reason to delay.

This is as good as done.

With Irving and Wiggins, the Cavaliers have a bright future, and David Blatt has a chance to become a very successful NBA head coach. This won’t solve all of Cleveland’s problems, but Gilbert at least accomplished one major goal.

It helped that he could offer so much money, and Irving wasn’t becoming an unrestricted free agent anytime soon, anyway. There was little chance of this falling through.

Still, don’t take anything for granted with the Cavs – except them extending Irving.

  1. muathjam21 - Jul 1, 2014 at 2:23 AM

    Not really worth a “max” contract, especially as a PG, but Cleveland has to do what it has to do to keep its stars in the city.

    • jeffkx - Jul 1, 2014 at 8:21 AM

      Fair point..but let’s wait and see how he does with some actual talented players..he’s had crap to play with the last couple years..I mean Alonzo Gee and Earl Clark at SF???? He played a lot better when the Cavs got Hawes..let’s see how he does with Wiggins and a big time free agent that the Cavs bring in (hopefully)..

      • clevelandrox - Jul 1, 2014 at 11:23 AM

        the all star game gave us a glimpse of what he can do with talent around…

      • bobbybouche305 - Jul 1, 2014 at 12:06 PM

        Its hilarious that Lebron was in the same position for 8years, Lebron has been gone for 4 years and still Cleveland has one star and junk around him……Worst run franchise in NBA….

    • therealhtj - Jul 1, 2014 at 11:49 AM

      They should start exploring trade options now.

  2. sumkat - Jul 1, 2014 at 2:35 AM

    He will definitely have to step his game up. If Wiggins is the player most expect him to be, and they aren’t able to give him a full max because they already designated Irving (aka, the Kevin Love situation), and they end up losing Wiggins in the long run, this is going to look very bad

    • spursareold - Jul 1, 2014 at 10:32 AM

      The workaround if you want to give Wiggins a 5 year MAX deal after his rookie deal is to let him hit restricted FA after year 4. At that point, you match any offers, and you CAN give him 5 years, since it’s not an extension.

  3. antistratfordian - Jul 1, 2014 at 2:37 AM

    Cleveland fans should feel pretty good right now. If Wiggins turns into a star… watch out. Might see Heat-Cavs in the ECF in 2017.

  4. campcouch - Jul 1, 2014 at 3:15 AM

    They gotta do what they gotta do. People forget that they dismantled the team after James left. As insane as Gilbert got and the musical coach game they played,they stuck to their guns and kept building via the draft. Even that Bennett pick last year was a wash. MCW,Burke, Oladipo and I think Hardaway averaged double digits in anything last season. Two PGs,a SG (that they didn’t need) and a SF that was a surprise. I’m sure Gilbert has sold someone’s soul for these high picks but they’re filling needs. Why not lock up a part of your core for some time to come.

    • jeffkx - Jul 1, 2014 at 12:48 PM

      Bennett will be much improved this season..mark my words..

  5. clevelandrox - Jul 1, 2014 at 3:47 AM

    lol, guess the haters and media(looking at you jackie mac) can look to start rumors about some other young talent…they got three more years before they start lying on wiggins…

    • southbeachtalent - Jul 1, 2014 at 9:11 AM

      it gets so old, anyone can be a reporter.

      Just think of a story, say your source in anonymous, and let loose. smh

  6. ryanprzy - Jul 1, 2014 at 4:36 AM

    Not a fan of score-first PGs… I love Kyrie in the Uncle Drew videos and that Foot Locker commercial, but I wouldn’t want him as my team’s PG. Especially not at max money.

    And I’m not exactly on a high horse here because as of right now my team’s starting PG is Brandon Jennings. I don’t believe my Pistons can win a championship with Jennings at PG, and sorry Cavs fans, but, barring an unforeseen overhaul to his game, I don’t think you’ll win one with Kyrie either.

  7. patfic5 - Jul 1, 2014 at 6:12 AM

    Finish a season first….

  8. Nadeem - Jul 1, 2014 at 8:00 AM

    Kyrie was at best a 5 year 60-70 million player. Tony Parker should have been his benchmark. 12.5 million a year.

  9. loungefly74 - Jul 1, 2014 at 8:37 AM

    It had to be done no matter the cost. and if Wiggins pans out, so the same. no brainer.

  10. andreboy1 - Jul 1, 2014 at 8:47 AM

    Not worth a max deal but most max guys aren’t worth it.

    Any guess on how many games he’ll miss due to injury?

  11. southbeachtalent - Jul 1, 2014 at 9:09 AM

    So what happened to all the reports that he was looking to leave, and that he was unhappy??

    When are we going to start to hold these hack reporters accountable for their BS??

    • bougin89 - Jul 1, 2014 at 10:13 AM

      No rational person believed that crap was actually going to happen before he got this contract. Now once this one is up we’ll see…

      • southbeachtalent - Jul 1, 2014 at 10:35 AM

        Well I though journalists reported facts, or at least were in the neighborhood. Apparently not.

      • bougin89 - Jul 1, 2014 at 12:54 PM

        It does get old when they try to oversell “rumors”.

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