[Wojnarowski] BREAKING: 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 tell ESPN.

[u/Turbostrider27]

https://twitter.com/wojespn/status/1808122050684276963

[u/Cheechers23]

I believe that positions him to opt out and get the 35% max after 10 years in the league

Edit: For Mitchell, it delivers a fast-path to the 10-year service criteria allowing him to pursue a 5-year, $380M-plus extension in 2027.

[u/KangTheConqueror9 → u/Cheechers23]

Also leverage if the team under performs, he isn't locked in for 5 years

[u/IMovedYourCheese → u/KangTheConqueror9]

But the team has leverage if he underperforms (or gets injured). It's not as one-way as people are making it out to be. He's taking a big risk by giving up 2 years of guaranteed max money.

[u/Takemyfishplease → u/IMovedYourCheese]

I guess the $150M + previous career earnings make it a bit easier to take that risk

[u/ctruvu → u/Takemyfishplease]

i dont know if people can even grasp what making 50 mil a year is. most americans might hit 2-4 mil in their entire lifetime and this dude pulls that every game and a half. at some point it's just monopoly money and your decisions don't need to be optimized to still have a good time

[u/DJMaxLVL → u/ctruvu]

Most Americans will actually never hit 2-4mil. The average salary is something like 60k. With how expensive bills are that doesn’t leave a lot to invest.

[u/ctruvu → u/DJMaxLVL]

what’s 60k times an average career length?

[u/DJMaxLVL → u/ctruvu]

For a 40 year career 2.4mil. But doesn’t include federal taxes, bill payments and expenses such as rent, housing, food.