- ABC News
- July 1, 2014
AC
Dogged by rumors that he was wanted out of Cleveland, franchise cornerstone Kyrie Irving and Cleveland Cavaliers owner Dan Gilbert tweeted early Tuesday that they have agreed to terms on a five-year contract extension. The deal will be worth approximately $90 million, the maximum allowed under the NBA's collective bargaining agreement, sources with knowledge of the situation told ESPN. Irving had one year remaining on his contract. The agreement, which will go into effect next season and will run through the 2019-20 season, was announced by Gilbert on his Twitter feed. Looking forward to the next 6 years of @KyrieIrving in CLE. Just shook hands &intend to sign on the 10th.Cant be more excited about @cavs... - Dan Gilbert (@cavsdan) July 1, 2014 The contract cannot be signed until July 10. Gilbert, Cavs general manager David Griffin, new coach David Blatt and other team officials traveled to Irving's home in New Jersey...