Cleveland Cavaliers star Donovan Mitchell has agreed to a four-year, $273 million maximum contract extension that includes a player option for the 2030-31 season and a full trade kicker, CAA’s co-head of basketball, Austin Brown, told ESPN on Tuesday.
Mitchell could have waited until next summer for an additional season worth an extra $80 million on the deal (five years and $353 million), according to ESPN’s Bobby Marks. He instead committed on a long-term extension on the first day he was eligible for a new contract to stamp his pledge to Cleveland. Mitchell was entering the last guaranteed season of his contract ahead of a 2027 player option, which now gets replaced by the new deal.