Cleveland Cavaliers forward Kevin Love has signed a four-year, $120 million contract extension that tops out his overall deal at five years, $145 million, league sources told ESPN on Tuesday.
Love, a five-time All-Star, opted out of the 2019-20 season on his current five-year deal. He will earn $24.1 million next season before the new four-year extension kicks in, league sources said.
The Cavaliers arranged an impromptu signing ceremony for Love at the Quicken Loans Arena in Cleveland on Tuesday, where team employees and arena construction workers would witness Love signing his deal, league sources said.