Jesse D. Garrabrant/NBAE via Getty Images
The Cleveland Cavaliers brought back restricted free agent Isaac Okoro on a new three-year contract worth $38 million, ESPN's Adrian Wojnarowski reported on Saturday.
The Cavaliers extended a one-year qualifying offer worth $11.83 million to Okoro on June 29.
The 23-year-old didn't accept the offer, which was set to expire on Oct. 1, before signing a new deal with Cleveland (via ESPN's Bobby Marks). Per Marks, the Cavaliers were $10.4 million below the luxury tax before singing Okoro on Saturday.
This article will be updated soon to provide more information and analysis.