Kevin Love has reached a four-year, $120 million contract extension with the Cleveland Cavaliers. Terms were not announced for Love’s deal, but according to ESPN that the four-year, $120 million extension tops out his overall deal at five years, $145 million.
He will get his max salary in 2019-20 ($28.9 million) and 2020-21 ($31.3 million), it will be flat for the 2021-22 season ($31.3 million) and then decreases in 2022-23 ($28.8 million).
Love, who will be 30 by the start of the 2018-19 season, is a five-time All-Star, including the past two seasons, but has not made an All-NBA team since joining the Cavs before the 2014-15 season.
ESPN reporting with @WindhorstESPN: Cavaliers forward Kevin Love has signed a four-year, $120 million contract extension — topping out his overall deal at five-years, $145 million, league sources tell ESPN.Advertisement
— Adrian Wojnarowski (@wojespn) July 24, 2018
He was a major part of Cleveland’s 2016 championship team, and his defense on Golden State’s Steph Curry in the final minutes of Game 7 was one of the Cavs’ iconic moments from the series.
Love shot 41.5 percent on 3-pointers last season, the second-highest percentage of his career, as the Cavaliers advanced to the NBA Finals. He played just 59 games, his fewest since the 2012-13 season.