Evan Mobley, Cavaliers agree on 5-year, $224 million rookie contract extension, AP source says

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Evan Mobley, Cavaliers agree on 5-year, $224 million rookie contract extension, AP source says
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A person familiar with the negotiations tells The Associated Press that the Cleveland Cavaliers and forward Evan Mobley have agreed to a five-year, $224 million contract extension. Mobley has blossomed into one of the NBA’s brightest young stars since being drafted with the No. 3 overall pick in 2021.

FILE - Cleveland Cavaliers forward Evan Mobley drives against Orlando Magic forward Jonathan Isaac during the first half of Game 2 of an NBA basketball first-round playoff series, April 22, 2024, in Cleveland. Mobley has agreed to a five-year, $224 million contract extension with Cleveland, a person familiar with the negotiations told The Associated Press on Saturday, July 20.

The 23-year-old’s new deal could be worth up to $269 million if he reaches incentives, said the person who spoke on condition of anonymity because terms have not been finalized. Mobley’s agreement is the latest positive development this summer for the Cavs, who after hiring Kenny Atkinson as coach signed All-Star guard Donovan Mitchell to a three-year, $150.3 million extension.

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