Cavs sign Kevin Love to 4-year, $120 million contract extension

Love signs deal at Quicken Loans Arena in front of construction workers

Daryl Ruiter
July 24, 2018 - 12:04 pm
Cleveland Cavaliers center Kevin Love (0) speaks to the media after game three of the 2018 NBA Finals at Quicken Loans Arena.

David Richard-USA TODAY Sports

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Cleveland, OH (92.3 The Fan) – Kevin Love isn’t going anywhere.

The Cleveland Cavaliers aren't going to tank either. 

Both became quite apparent when the All-Star forward signed a 4-year, $120 million contract extension Tuesday morning keeping Love in Cavalier wine and gold through the 2022-23 season.

Love signed the extension at Quicken Loans Arena in front of construction workers, who are renovating the 24-year old arena, after general manager Koby Altman made the announcement to thrunderous applause.

“I’m just very excited. Obviously, very humbled," Love told the workers in a video posted by the team on their official Twitter account. "When I got traded here a few years back I was committed to being here long-term. I was committed to our culture and excellence playing the game of basketball and I think who we have on our team and who we have moving forward reflects that."

The team has called a 3 p.m. press conference at Cleveland Clinic Courts to officially announce the extension for the 5-time All-Star.

“We are very excited to announce Kevin’s long-term commitment to the Cavaliers and Cleveland," Altman said in the release announcing the extension. "This quickly became a partnership the second we began these discussions. Collaboration and winning matter greatly to Kevin and that was reflected in this extension,” said Altman. “Kevin’s talent and character are both at a very high level and he has earned his role at the center of what we want to do moving forward. As a five-time All-Star and NBA Champion, Kevin has a special understanding of exactly what success and winning require.”  

Love had 1-year plus a player option for 2019-20 left on his previous deal, which he signed in 2015 which fueled speculation that the Cavs would look to move him in a trade either in the offseason or at the trade deadline.

Since being acquired in a 3-team trade in August 2014 from Minnesota, Love has appeared in 271 games (all starts) with Cleveland, while averaging a double-double with 17.1 points and 10.0 rebounds in 31.3 minutes per game.

“When I first came to Cleveland, I came with a long-term mindset,” Love said in the release. “I came here to win. We developed a culture here that reflects that. I’m super excited and I couldn’t be happier. It’s a big commitment for me and it’s a big commitment from the Cavaliers, so I want to thank Dan Gilbert, Koby Altman and the entire organization. I enjoy playing here, I’m excited about the team that we have and look forward to our future together. Cleveland fans have been special from day one and I’m also looking forward to continuing to be a part of this great community.”

Love, who turns 30 in September and is a 10-year NBA veteran, is one of only eight players in NBA history to total 11,000 points, 7,000 rebounds and 1,000 three-pointers (Dirk Nowitzki, Jason Kidd, Kobe Bryant, Paul Pierce, LeBron James, Rasheed Wallace, Antawn Jamison), as well as the only player to ever hold a career average at least 10.0 rebounds and knock down 1,000 three-pointers or more.