The Cleveland Cavaliers and Evan Mobley have agreed to a five-year, $224 million maximum rookie contract extension, ESPN's Adrian Wojnarowski reported Saturday.
The deal could be worth up to $269 million if Mobley makes the All-NBA team in 2024-25, per Wojnarowski and CapSheets' Yossi Gozlan.
Mobley is set to play 2024-25 on a $11.2 million club option. The Cavaliers are currently projected to have $9.7 million in space below the luxury tax next season, per Spotrac.
Mobley's reported $38.7 million salary for 2025-26 will put the Cavaliers above the luxury tax threshold, but Cleveland is projected to remain below the highly restrictive second apron of the tax, Gozlan noted.