Kevin Love Signs 4-year, $120 Million Extension with Cavaliers

The Cleveland Cavaliers might not be so bad off after all. They lost their superstar in LeBron James, but they’ve retained another key piece of their roster. According to reports, Kevin Love signed a four-year, $120 million extension with the Cleveland Cavaliers.

Kevin Love has played with the Cavaliers since 2014. When LeBron James returned to the Cavs, the Cavs brought in Kevin Love to play alongside James. The Cavaliers traded Anthony Bennett (their first pick of 2013) and Andrew Wiggins (their first pick of 2014) to the Minnesota Timberwolves in exchange for Kevin Love. Love averaged 16.4 points in his first year with the Cavs. This season, he averaged 17.6 points.

For this extension, Love opted out of his 2019-2020 season on his current deal to sign the extension. His current deal is for five-years,$145 million, but was coming to an end. He will make $24.1 million from his current deal, then in 2019, his extension will kick in.

Then, in 2019-2020, he will make $28.9 million. He will make $31.3 million in the the 2020-2021 and 2021-2022 seasons. Then, he will make $28.8 million in 2022-2023.

Earlier today, Love signed the extension at a signing ceremony at “The Q” (Quicken Loans Arena).  While at the ceremony, Love spoke on signing the extension.

“I’d like to thank the Cleveland Cavaliers organization, Dan Gilbert and Koby Altman for having their trust in me and believing in our future,” Love said. “When I got traded here a few years back, I was committed to being here long term and I was committed to our culture, excellence in playing the game of basketball. And I think who we have on our team and who we have moving forward really reflects that.”

Love will play alongside young players such as Jordan Clarkson, Larry Nance Jr., Cedi Osman, and Collin Sexton (their 8th pick of this year’s draft). His veteran presence will help these young players grow. If his experience meshes with their talent, the Cavs may be better off than we think.