Agent: Donovan Mitchell reaches new 4-year deal with Cavs - ESPN

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.

Mitchell, 29, has declared his love for the Cavaliers and Cleveland repeatedly since his 2022 offseason trade from the Utah Jazz. The new agreement marks the second extension for Mitchell since arriving in Cleveland.

On May 26, the night the Cavs were eliminated by the New York Knicks in four games in the Eastern Conference finals, Mitchell said he has «unfinished business» trying to deliver the city a ring.

«I'm sorry for the city of Cleveland,» Mitchell told reporters. «For it to be like this and the sweep. That's ass. But I told y'all last year, and I'll say again, we'll be back. We'll be ready. We'll be hungry. And we'll be locked in.»

Cavaliers owner Dan Gilbert and president of basketball operations Koby Altman spoke with Mitchell and Brown once the seven-time NBA All-Star was able to land a new extension and reached terms quickly on an important decision for the franchise. Mitchell has played a significant part in the Cavaliers' efforts to improve the roster in recent years.

Mitchell also would embrace the Cavaliers reuniting with