The final piece to the Cavs’ run at a championship is finally in place. Tristan Thompson’s holdout is over.
Thompson and the Cavaliers agreed Wednesday to a five-year, $82 million deal, multiple sources confirmed, that keeps Thompson under team control until the summer of 2020.
Thompson’s contract means the Cavs are on the hook for about $170 million in payroll and luxury taxes, according to ESPN, the second-highest in league history. That could swell to above $200 million if the Cavs use their $10.5 million trade exception prior to February’s deadline.
Thompson’s deal also means owner Dan Gilbert signed Thompson, LeBron James, Kevin Love, Iman Shumpert and J.