Today is the first day that free agent signings and extensions can become official, and the Cleveland Cavaliers announced that Kyrie Irving signed his extension. Terms of the agreement were not officially released, but it was previously reported that it will be a max contract, worth about $90 million over five years. The contract will begin during the 2015-16 season, and run through the summer of 2020.
"We are excited that Kyrie has officially committed to be here long-term with the Cleveland Cavaliers," owner Dan Gilbert said in a press release. "The future has never been brighter as we are building the team and franchise for sustainable success. Kyrie is obviously a very big piece of our plan."
Last season was Irving's third in the NBA, and he played in 71 games while averaging 20.8 points and 6.1 assists per game. He shot 43% from the field 36% on threes, both of which were career lows.
It is good to know that Irving will be with the Cavs for the foreseeable future, but David Griffin still needs to go out and get him some more teammates.