In a landmark move, the Cleveland Cavaliers have secured All-Star guard Donovan Mitchell with a three-year, $150.3 million contract extension, solidifying his place as a cornerstone of the franchise. The agreement, finalized over the weekend in Los Angeles, includes a $54 million player option for the 2027-28 season, allowing Mitchell the flexibility to explore free agency in three years.
Mitchell, 27, has been instrumental in the Cavaliers’ resurgence since his acquisition from the Utah Jazz in 2022. Over two seasons in Cleveland, he has averaged 27.5 points, 5.2 assists, and 4.6 rebounds per game. Notably, he set a franchise record by scoring 71 points in a single game against the Chicago Bulls.
Throughout the past season, Mitchell consistently expressed his satisfaction with the Cavaliers organization and his desire to remain in Cleveland. Following the announcement of his extension, he took to social media, sharing a clip from “The Wolf of Wall Street” where Leonardo DiCaprio’s character declares, “I’m not leaving,” underscoring his commitment to the team.
Cavaliers President of Basketball Operations, Koby Altman, expressed confidence in Mitchell’s dedication, stating, “We feel good about Donovan. He’s in a great space mentally. He’s healthy… He’s invested. He’s really invested in what we’re doing.”
This extension not only secures Mitchell’s talents for the foreseeable future but also positions him for a potential subsequent extension worth $380 million, should he meet the 10-year service criteria. As the Cavaliers continue to build around their core of Mitchell, Darius Garland, Evan Mobley, and Jarrett Allen, the franchise’s commitment to championship contention is evident.
With Mitchell’s leadership and the organization’s strategic vision, the future looks promising for the Cavaliers and their fans.