Sources: Cavaliers, Kevin Love Agree to Four-Year Extension

Forward Kevin Love was “very excited and obviously humbled” after signing a long-term extension with the Cleveland Cavaliers on Tuesday. Terms were not announced, but league sources told ESPN that the four-year, $120 million extension tops out his overall deal at five years, $145 million.

Love, a five-time All-Star, opted out of the 2019-20 season on his current five-year deal, league sources said, and the new extension will kick in after he earns $24.1 million next season. He will get his max salary in 2019-20 ($28.9 million) and 2020-21 ($31.3 million), it will be flat for the 2021-22 season ($31.3 million) and then decreases in 2022-23 ($28.8 million).

In the aftermath of LeBron James’ departure in free agency to the Los Angeles Lakers, the Cavaliers aggressively pushed to secure Love, 29, for the long term. Gilbert and Altman have been determined to keep the Cavaliers in the playoff mix, and that plan included keeping Love out of free agency in 2019.

Source: Adrian Wojnarowski and Brian Windhorst of ESPN