CLEVELAND — Donovan Mitchell is remaining in Cleveland for the long haul.
The Cavaliers and Mitchell have agreed to a four-year, $273 million contract extension that includes a player option for the 2030-31 season, a league source confirmed for the Beacon Journal after ESPN first reported the news on Tuesday, July 7. The deal, not yet announced by the team, also includes a full trade kicker.
The extension offers stability for the Cavs, who now know their star guard is locked up through at least the summer of 2030. Mitchell technically could have signed an even larger contract extension next offseason but instead opted to secure his future with the Cavs now.
Mitchell, a seven-time All-Star and three-time All-NBA player, is on the heels of leading the Cavaliers to the Eastern Conference Finals for the first time since 2018 and the first time without LeBron James on the roster since 1992. It was the first time Mitchell had advanced past the second round, a major breakthrough for both himself and the franchise.
Mitchell, 29, was adamant after the Game 4 loss to the New York Knicks that he loved being in Cleveland and wanted to remain there. Now, he’s proved it by signing a max extension on the first day of eligibility.
Donovan Mitchell contract
Mitchell became eligible this summer to sign a four-year extension valued at $273 million. He had two years left on his previous deal, with the second year being a player option, which effectively made the upcoming 2026-27 season the final year of team control.
Donovan Mitchell stats
This past season, Mitchell was named to the All-NBA Second Team after averaging 27.9 points, 4.5 rebounds and 5.7 assists while shooting 48.3 percent from the field and 36.4 percent from 3-point range. He finished seventh in MVP voting, the second consecutive year he was top seven in votes and the third time in his four seasons with the Cavs.
In this year’s playoffs, Mitchell averaged 26 points, 4.8 rebounds and 3.1 assists on 45.1 percent shooting from the floor.
Could LeBron James join Donovan Mitchell?
The Cavs have also been embroiled in rumors surrounding LeBron James’ future and likely final NBA season or two.
Ryan Lewis and Nate Ulrich cover the Cleveland Cavaliers for the Akron Beacon Journal. The Beacon Journal sports department can be reached at bjsports@thebeaconjournal.com.
This article originally appeared on Akron Beacon Journal: Donovan Mitchell, Cavs agree to max contract extension
Reporting by Ryan Lewis and Nate Ulrich, Akron Beacon Journal / Akron Beacon Journal
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By Ryan Lewis and Nate Ulrich, Akron Beacon Journal | USA TODAY Network
