Sources: Cavs, Larry Nance Jr. Have Mutual Interest on Extension

Starting July 1, the Cavs can negotiate with Larry Nance Jr. on a lucrative contract extension, because he is entering the final year of his rookie contract (and is due about $2.3 million next season).

Multiple league sources told cleveland.com there is “a ton” of interest on both sides to discuss an extension for Nance, who is 25 and is the son of former Cavs great Larry Nance Sr. The son grew up here, went to Revere High School, and the Cavs traded a No. 1 pick to acquire him and Jordan Clarkson.

Source: Joe Vardon of The Cleveland Plain Dealer