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Sources: Donovan Mitchell, Cavaliers agree to 3-year, $150.3M extension

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Cleveland Cavaliers All-Star guard Donovan Mitchell has agreed on a three-year, $150.3 million maximum contract extension that includes a player option for the 2027-2028 season, sources told ESPN.

The deal delivers the Cavaliers the stability of their franchise player under contract beyond next season -- and delivers Mitchell a guaranteed four years, $185 million total now and a chance to reach the league's 10-year service criteria that would allow him to pursue a five-year extension worth more than $380 million in 2027.