Cavaliers: Donovan Mitchell agrees to three-year, $150.3 million deal

Five-time All-Star Donovan Mitchell has agreed to a three-year, $150 million contract extension with the Cavaliers, sources told ESPN. Mitchell has yet to sign the deal that will keep him under contract through at least 2027. The deal includes a player option for the 2027-28 season and can be announced Saturday when the NBA moratorium ends. Cavs president of basketball operations Koby Altman said he met with Mitchell on Saturday in Los Angeles during the player's Adidas basketball camp. "He's in a great space," Altman said Monday during new coach Kenny Atkinson's introductory press conference. "Mentally, he's healthy. I really enjoyed the fact that him and Kenny could sit down and talk about the future, talk about the team. "He's invested. He's really invested in what we're doing and, hopefully, soon we'll have more of a decisive venture on that for you. But he's been great. He's been super involved and super collaborative and very, very much pro-Cleveland." Mitchell, 27, seemed headed toward an All-NBA season in 2023-24 when injuries took their toll. He had a bone bruise in his knee that limited him to 55 games, below the league's 65-game standard for players earning postseason honors. He averaged 26.6 points, 5.1 rebounds, 6.1 assists, 1.8 steals and 0.5 blocks. All were career highs with the exception of his scoring average. Mitchell shot .462 from the field, .368 from the 3-point line and .865 from the foul line. The Louisville product suffered a calf injury in the Eastern Conference semifinals against the eventual champion Boston Celtics and missed the last two games of the series. The Celtics eliminated the Cavs four games to one. Mitchell had one season left on his original contract, for 2024-25, as well as a player option for 2025-26. If he had declined an extension, the Cavs would have been forced to trade him. But things never headed in that direction. The 6-foot-3, 215-pounder posted two messages on "X," formerly Twitter, including one while driving in his car. Mitchell said he just couldn't understand all the "rumors" about him leaving for greener pastures. "The whole year I've been saying the same (stuff) about how much I like it," he said. "I'm glad I got this (stuff) done, Cleveland. Every day, it's like he's going to do this or do that. I don't understand it. It is what it is." The other message had a "Wolf of Wall Street" theme. "I'm not (expletive) leaving," actor Leonardo DiCaprio said in the movie clip. "The show goes on. This is my home." Those rumors started after Mitchell was traded to the Cavs from Utah in 2022. The New York Knicks also were interested in acquiring Mitchell, but Cleveland sweetened the deal with several young players and first-round draft picks. Altman's work isn't over by any means. He could attempt to sign forward/center Evan Mobley to a contract extension and try to re-sign restricted free agents Isaac Okoro and Emoni Bates. Contact Bob Finnan at rfinnan30@gmail.com. Follow him @BobCavsinsider on X.