Skip to content

Kyrie Irving’s contract extension lets him opt out early

Jul 12, 2014, 4:30 PM EDT

Kyrie Irving Kyrie Irving

We don’t yet know what type of contract LeBron James will sign with the Cavaliers.

Will it be a two-year deal with a player option, a three-year deal with a player option or a four-year deal with a player option?

Those are the possibilities. Barring an unlikely extension, LeBron will hit free agency again by 2018.

Kyrie Irving can follow not long after – and a year earlier than expected.

Before LeBron announced his plan to sign in Cleveland, Irving agreed to a five-year contract extension with the Cavaliers that begins after the upcoming season. However, Irving could terminate that contract after just four years of the extension.

Adrian Wojnarowski of Yahoo Sports:

The terms of Cleveland star point guard Kyrie Irving’s five-year, $90 million contract will include an early termination option for the 2019-20 season and a 15 percent trade kicker, league sources told Yahoo Sports.

Irving’s deal includes the “Derrick Rose” provision, which allows Irving to gather 30 percent of the Cavaliers’ salary-cap space instead of 25 percent

Jeffrey Wechsler, Irving’s agent, really took the Cavaliers to the cleaners.

The designated-player and Derrick Rose rules allow teams to offer a  longer and larger rookie-contract extension. By design, those mechanisms are in place so a team rewards a player it wants to keep for five years rather than the standard four. That way, both the team (a young star under it’s control for longer) and player (more money) get something out of the arrangement.

Irving took his bounty and left the Cavaliers none of their extra security.

Essentially, Irving could escape Cleveland after four years of the extension, which starts in 2015-16. Thankfully for the Cavs, they signed LeBron, surely diminishing Irving’s desire to leave.

Blake Griffin and Paul George are the only other designated player to receive the ability to opt out after their fourth season of the extension. To get his player option, George had to drop his Rose-rule-raised salary from 30 percent to 27 percent. Griffin, though, got his full 30 percent along with an early termination option.

As can Irving.

We won’t know the value of Irving’s extension until the 2015-16 salary cap is set next July, but if the cap rises by the same amount it did this year, the baseline would be $90,686,380.

Irving would trigger the Derrick Rose rule – raising his contract to$108,823,656 based on the the same projected cap – only by winning MVP or being voted an All-Star starter this season. Considering he was already voted a starter last year and now the NBA’s most popular player is bringing more attention to his team, Irving should have no problem getting voted a starter again. Plus, I bet plenty of Heat fans wouldn’t mind voting for Irving if it makes Dan Gilbert write a larger paycheck.

Of course, 2020, when Irving can become a free agent, is a long way off. So much can change between now and then.

But that’s when Irving will get his first chance at the unrestricted ability to change NBA teams.

Luckily for the Cavaliers, they’ll have LeBron to coax Irving back to Cleveland. Probably.

Latest Posts
  1. Report: Former NBA player Rex Chapman arrested for stealing product from Apple store

    Sep 19, 2014, 9:45 PM EDT

    Rex Chapman, Ashley Judd Rex Chapman, Ashley Judd

    Chapman played four years for the Suns, and is facing charges in Scottsdale, AZ.

  2. Andrew Bogut is feeling healthy, takes charges on D at Warriors scrimmage

    Sep 19, 2014, 8:15 PM EDT

    Andrew Bogut AP

    Must-read quote from Bogut on how he does NOT want to be perceived.

  3. All PBT’s NBA team previews in one convenient spot

    Sep 19, 2014, 5:59 PM EDT

    San Antonio Spurs v Miami Heat - Game 7 Getty Images

    This post is here to make life easier for you when you want to find these at the end of the season and point out how wrong we were.

  4. UPDATED Report: Timberwolves make push for Eric Bledsoe, Suns not interested in sign-and-trade talks

    Sep 19, 2014, 5:11 PM EDT

    New York Knicks v Phoenix Suns Getty Images

    It has to be a sign and trade and Minnesota doesn’t have a lot of leverage here.

  5. Jeff Green says he wants to be leader on Celtics this season

    Sep 19, 2014, 4:00 PM EDT

    Jeff Green AP

    “It was more just becoming a better all-around player, trying to take the next step and become a leader on this team and will my team to win.” —Jeff Green

  6. James Dolan enlists Carmelo Anthony, Amare Stoudemire to break world kazoo record

    Sep 19, 2014, 3:28 PM EDT

    dolan stoudemire anthony kazoo

    And you wonder why Phil Jackson is worth $12 million a year to the Knicks organization.

  7. Hawks’ Budenholzer adjusting to coach/GM role, had mentor for many years in Popovich

    Sep 19, 2014, 2:50 PM EDT

    Mike Budenholzer

    Budenholzer got thrust into a position with the power a lot of coaches covet.

  8. Cavaliers sign Lou Amundson

    Sep 19, 2014, 12:44 PM EDT

    Serge Ibaka, Lou Amundson Serge Ibaka, Lou Amundson

    Will he make Cleveland’s regular-season roster?

  9. LeBron James unveils latest signature shoe from Nike: The LEBRON 12

    Sep 19, 2014, 12:05 PM EDT

    9.15.14 Nike LeBron 12 Launch

    Full recap from the launch event at Nike World Headquarters in Portland, Oregon, including technical information, details on colorways, and confirmed release dates.

  10. ProBasketballTalk 2014-15 Preview: Toronto Raptors

    Sep 19, 2014, 10:30 AM EDT

    Brooklyn Nets v Toronto Raptors - Game Seven Getty Images

    Kyle Lowry and Co. return for another run

  11. Grizzlies sign Hassan Whiteside

    Sep 19, 2014, 9:30 AM EDT

    Rio Grande Valley Vipers vs. Fort Wayne Mad Ants Rio Grande Valley Vipers vs. Fort Wayne Mad Ants

    Former Kings draft pick joins three other players competing to make Memphis’ roster

  12. Miroslav Raduljica signs in China

    Sep 19, 2014, 9:00 AM EDT

    Miroslav Raduljica Miroslav Raduljica

    Raduljica, after solid rookie year, leaves NBA sooner than he’d hoped.

  13. Dwyane Wade credits David Stern’s dress code for improving his style

    Sep 19, 2014, 8:00 AM EDT

    Dwyane Wade AP

    “Then it became a competition amongst guys and now you really got into it more and you started to really understand the clothes you put on your body.” —Dwyane Wade

Featured video

What players stood out at World Cup?
Top 10 NBA Player Searches
  1. D. Rose (3072)
  2. L. James (2779)
  3. R. Rondo (2462)
  4. K. Irving (2441)
  5. K. Bryant (2361)
  1. J. Valanciunas (2064)
  2. D. Ferry (1937)
  3. R. Gay (1852)
  4. E. Bledsoe (1845)
  5. R. Allen (1813)