Cavs sign Donovan Mitchell on new 3-year, $150.3M deal

Donovan Mitchell plans to sign a three-year, $150.3 million maximum-level contract with the Cleveland Cavaliers, according to reports This new deal includes a player option for the third year (2027-28), allowing the All-Star guard to potentially return to free agency when he’s eligible for a five-year, $380 million extension.

Donovan Mitchell has agreed on a three-year, $150.3M maximum contract extension that includes a player option for the 2027-28 season, per @wojespn pic.twitter.com/8bGwSVYpD1

— NBA TV (@NBATV) July 2, 2024

Including the final year of his previous contract, Mitchell’s total commitment amounts to a four-year framework worth $185 million.

Mitchell, 27, confirmed his decision to stay with the Cavaliers in a social media post early Tuesday.

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#LetEmKnow @cavs pic.twitter.com/QU1re4zn0G

— Donovan Mitchell (@spidadmitchell) July 2, 2024

His decision comes after a stellar 2023-24 season, where he averaged 26.6 points and a career-best 6.1 assists per game. Despite being limited to 55 regular-season games due to injuries, Mitchell delivered a heroic performance in the playoffs, carrying the Cavaliers into the second round with impressive efforts in the final games against the Orlando Magic. However, a groin injury forced him out of the lineup during the second-round series against the Boston Celtics, where he missed the final two games.

Mitchell is entering his eighth NBA season, having played his first five seasons with the Utah Jazz. Over his career, he has averaged 24.8 points, 4.6 rebounds, and 4.3 assists per game in 468 regular-season appearances. His decision to stay with Cleveland reinforces his commitment to the team’s future and their pursuit of further success in the NBA.