Cleveland Cavaliers All-Star guard Donovan Mitchell has agreed to a three-year, $150.3 million maximum contract extension that includes a player option for the 2027-28 season, sources tell ESPN.
The deal gives the Cavaliers the stability of having their franchise player under contract beyond next season. For Mitchell, it offers a four-year guarantee, a total of $185 million now and a chance to reach the league’s 10-year service criteria that would allow him to pursue a five-year extension worth more than $380 million in 2027.
Mitchell and his agent, Austin Brown, co-head of CAA Basketball, met with Cavaliers president of basketball operations Koby Altman on Saturday in Los Angeles and reached an agreement on the extension, sources said. A big part of Mitchell’s conviction to commit to a new contract comes from the confidence he and his representative have in the organization to continue building the Cavaliers into a championship contender and an agreement on how they will play a role in getting there together, sources said.
Since acquiring Mitchell from the Utah Jazz at the trade deadline two years ago, the Cavaliers have made back-to-back playoff appearances, including a run to the Eastern Conference semifinals last season.
Mitchell scored 89 points in Games 6 and 7 of a first-round playoff win over the Orlando Magic, the second-most points in NBA playoff history for Games 6 and 7, according to ESPN Stats & Information research.
Mitchell, 27, has been an All-Star for five consecutive seasons and is averaging 26.6 points through the 2023-24 season — joining only LeBron James in franchise history to do so in multiple seasons, according to ESPN Stats & Information.
Mitchell is the first guard to average at least 20 points in each of his first seven NBA seasons since Allen Iverson. He also had career highs in assists (6.1) and steals (1.8) last year, ranking third in steals per game and sixth in deflections in the entire league.
