The Cleveland Cavaliers officially signed point guard Kyrie Irving to a contract extension, the team announced Thursday.
The extension is reported to be a max contract allowed under the collective bargaining agreement at five years and $95 million. The new deal begins next year and will run through the 2019-20 season. Irving had one year remaining on his contract.
"We couldn't be happier to have Kyrie firmly at the core of our Cavaliers team and family for years to come," said Cavaliers general manager David Griffin said in a statement. "He's already proven he's among the best in the NBA and we're excited to watch his continued growth and success. To know that he is all in and shares our high expectations and championship goals is something we're extremely proud of. It is a clear reflection of how we all view our future together, with Kyrie fully vested in this franchise and the city of Cleveland."
Irving was the first overall pick in the 2011 draft by the Cavaliers and has career averages of 20.7 points, 3.7 rebounds, 5.8 assists and 1.4 steals in 33.7 minutes through 181 games with the team. An NBA All-Star in each of the past two seasons, Irving was MVP of the 2014 All-Star Game where he became the second-youngest player to win the award.
Since Irving, the 2011 NBA Rookie of the Year, entered the league, he has the third-highest scoring average among all NBA point guards. In 2013-14, he led all Eastern Conference point guards with 20.8 points, while also averaging 3.6 rebounds, 6.1 assists and 1.5 steals in 35.2 minutes per game. He was one of only six players in the NBA with averages of at least 20 points and six assists per game last season.
"We are excited that Kyrie has officially committed to be here long-term with the Cleveland Cavaliers," Cavs majority owner Dan Gilbert said in a release. "The future has never been brighter as we are building the team and franchise for sustainable success. Kyrie is obviously a very big piece of our plan."
The Cavs now turn their attention to signing free agents, including a run at LeBron James.