Donovan Mitchell agreed to a new three-year, $150.3 million contract extension with the Cleveland Cavaliers on Tuesday, according to ESPN’s Adrian Wojnarowski.
Rumors of Mitchell not being happy in Cleveland were rampant last season, and they only gained more fuel after the team was eliminated in the second round of the playoffs by the Boston Celtics. Some believed the star guard was focused on taking his talents to a larger market, like New York or Los Angeles.
However, Tuesday’s news finally puts those rumors to rest, for now at least. And if Mitchell does eventually grow tired of his current situation, his new deal does feature a player option for the 2027-28 season, which will allow him to enter unrestricted free agency if he decides to opt out.
“All year I’ve been saying the same s–t saying how much I like it [in Cleveland],” Mitchell said in a video shared to his Instagram account on Tuesday morning. “Every day it’s like, ‘Oh, he’s going to do this. He’s going to do that.’ … I think it’s hilarious.”
Mitchell, who averaged 26.6 points, 5.1 rebounds and 6.1 assists across 55 games last season, was previously under contract with Cleveland through the 2024-25 season with a $37.1 million player option in 2025-26. He was eligible to sign for up to four years and $207.8 million.
The Cavaliers recently hired ex-Nets coach Kenny Atkinson as the franchise’s next head coach after parting ways with J.B. Bickerstaff in May after four seasons. Bickerstaff has since been hired as the next head coach of the Detroit Pistons.
