Cleveland Cavaliers Sign Donovan Mitchell to Massive 3-Year, $170.3 Million Contract Extension

In a move that solidifies their commitment to championship contention, the Cleveland Cavaliers have agreed to a blockbuster three-year, $170.3 million contract extension with Donovan Mitchell, sources confirmed on Thursday.

The deal keeps the five-time All-Star guard in Cleveland through the 2027–28 NBA season, with a player option in the final year. The extension puts an end to months of speculation about Mitchell’s long-term future with the team and positions the Cavaliers to build around one of the most dynamic scorers in the league.

Mitchell Stays Committed to Cleveland

Since arriving from the Utah Jazz in 2022, Mitchell has transformed the Cavaliers into one of the most formidable teams in the Eastern Conference. In the 2024–25 season, he averaged 26.6 points6.1 assists, and 1.8 steals per game, leading Cleveland to a strong playoff run.

“I came to Cleveland to help bring something special,” Mitchell said in a statement. “This city, this team, and these fans have embraced me from day one. I’m here to finish what we started.”

What This Means for the Cavs

The extension reinforces Cleveland’s strategy of investing in its core. Mitchell now joins fellow stars Darius GarlandEvan Mobley, and Jarrett Allen, all of whom are signed long-term, giving the Cavaliers a rare mix of youth, talent, and experience.

President of Basketball Operations Koby Altman called the extension “a pivotal moment for our franchise.”

“Donovan has shown leadership, resilience, and elite talent — on and off the court. Keeping him in Cleveland was a top priority, and this extension reflects our confidence in what we can achieve together.”

Breakdown of the Deal

Length: 3 years

Total Value: $170.3 million

Average Annual Salary: ~$56.8 million

Final Year: Player option for 2027–28 season

Mitchell’s deal is one of the richest short-term contracts in NBA history, reflecting both his individual value and the Cavaliers’ desire to win now.

With Mitchell locked in, Cleveland sends a strong message to the league: the Cavaliers are no longer building — they’re contending.