Kevin Love Signs $120M Extension With Cavaliers

Kevin Love
via Keith Allison / CC-BY-SA-2.0

With LeBron James gone, the Cleveland Cavaliers have shifted the focus to the other star: Kevin Love.

The Cavs forward will remain in Cleveland, after signing a four-year, $120 million contract extension with the team that tops out his overall deal at five years, $145 million, reports ESPN.

As part of the deal, Love opted out of the 2019-20 season on his current five-year deal; and his new deal will go into effect after his $24.1 million salary next season. In 2019-20, he’ll get his max salary of $28.9 million, followed by $31.3 million in 2020-21. Then, the deal is $31.3 million in 2021-22, and $28.8 million for the 2022-23 season.

Love could’ve received a max deal of five years and $153 million, but leaves money on the table to give the Cavs some salary cap flexibility on the back end of the deal.

“I’m just very excited and obviously humbled,” Love said of the deal. “I’d like to thank the Cleveland Cavaliers organization, [owner] Dan Gilbert and Koby Altman for having their trust in me and believing in our future.

“When I got traded here a few years back, I was committed to being here long term and I was committed to our culture, excellence in playing the game of basketball. And I think who we have on our team and who we have moving forward really reflects that.”

Love joined the Cavs prior to the 2014 season, as part of a three-team trade. He’s averaged 18 points and 11 rebounds in his 10-year career, including 15 points and 9.7 rebounds in four trips to the playoffs with the Cavaliers.