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Report: Tristan Thompson to sign deal worth more than $80 million with Cavs

Tristan Thompson appears to be on the verge of signing a huge deal to stay in Cleveland.

David Richard-USA TODAY Sports

Tristan Thompson and the Cleveland Cavaliers have reportedly come to an agreement on a new deal.

According to ESPN's Marc Stein and Brian Windhorst, Thompson is set to sign an extension worth more than $80 million with the Cavs. Thompson, a restricted free agent, made a little over $5 million last season. In October, he turned down an extension from the Cavs that was worth a reported $52 million over four years. No word yet as to how long Thompson's new deal will be. If it's four year, he will make $20 million-plus a season and if it's five year, he'll make roughly $16 million annually.

It's been widely assumed that Thompson was going to stay in Cleveland, as the Cavs could match any offer sheet Thompson would hypothetically sign as a restricted free agent. On top of that, Thompson's agent is Rich Paul, who also happens to represent LeBron James. In signing Thompson this early in free agency, the Cavs have signed him before Thompson could really explore any other potential offers.

Thompson is coming off the best season of his career. In the process of establishing himself as an elite offensive rebounder, he averaged 8.5 points and 8.0 rebounds while playing in in all 82 games.

With Thompson - and Kevin Love - back in the fold - the Cavs have re-signed two of their top free agents. LeBron James is technically a free agent - although he is expected to re-sign in the near future - and Iman Shumpert, J.R. Smith and Matthew Dellavedova have yet to have their futures fully decided.