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Donovan Mitchell signs 4-year, $273M extension with Cavaliers, who await LeBron James' decision

The deal includes a near-$76 million player option for 2030-31 and a full trade kicker as Cleveland locks in its star guard.

  • On Thursday, the Cleveland Cavaliers announced that seven-time All-Star Donovan Mitchell signed a four-year, $273 million contract extension, agreeing to the deal on Tuesday and securing his long-term future.
  • Cleveland remains a sentimental favorite for 41-year-old free agent LeBron James, who left the Los Angeles Lakers after eight years and previously led the Cavaliers to their first championship in 2016.
  • Free agent James Harden is reportedly delaying his contract decision while waiting to see if James joins the Cavaliers; Harden opted out of a roughly $43 million player option this summer.
  • Team owner Dan Gilbert faces financial constraints, as the organization seeks to avoid the second apron of the luxury tax while maintaining flexibility to pursue a championship roster.
  • Returning most of their roster, the Cavaliers are positioned to contend again after reaching the Eastern Conference Finals last year, with the potential addition of James maximizing their title chances.
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Donovan Mitchell signs 4-year, $273M extension with Cavaliers, who await LeBron James' decision

The Cleveland Cavaliers have achieved one of their primary aims of the offseason while the wait continues on whether LeBron James will return to the franchise for a third time.

·New York, United States
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Cavaliers Nation broke the news on Wednesday, July 8, 2026.
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