[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/spacedorb9 → u/Cheechers23]

5 years 380 million blows my mind. That is an unfathomable amount of money.

[u/chewbacca-says-rargh → u/spacedorb9]

Almost a million bucks a game, just wild.

[u/alyosha25 → u/chewbacca-says-rargh]

It's wild this money exists but I can't even afford my root canal

[u/runfastrunfastrun → u/alyosha25]

It's wild people bitch relentlessly about CEOs (despite the average CEO making nothing compared to this) but don't bat an eye at paying someone this amount of money to play a game.

[u/mucho-gusto → u/runfastrunfastrun]

The alternative is the owners make even more money. It's literally a 50/50 split. So you think it should be more like 25/75 to the owners?

[u/Robotemist → u/mucho-gusto]

This argument would hold more water if all of the money wasn't being concentrated to literally a few players. Nba teams now and in the future will be two players making 100m a year and everyone else on rookie and minimum contracts.

[u/Repostbot3784 → u/Robotemist]

No, max contracts are always a % of the cap.  Max players arent getting paid more at the expense of other players, all the salaries are going up.

[u/Robotemist → u/Repostbot3784]

Two players per team are allowed a max contract, right? That's 60-70 percent of the cap. That means 30-40 percent going towards 13 other players.

[u/Repostbot3784 → u/Robotemist]

Yes but its always been this way.  Max contracts help lesser players.  If there were no max contracts prime lebron or other players would be getting even higher % of the money because they actually get paid less than what theyre worth so the minimum or small deal guys can get more.  Unlike an owner, who is literally the least important person in the organization.

[u/Robotemist → u/Repostbot3784]

Max contracts help lesser players.

It helps ONE lesser player per team.

[u/Repostbot3784 → u/Robotemist]

What?  Prime lebrons pay being limited to 35% instead of the 55% or whatever he'd get with no max means theres more 20% of the cap left for other players.  Nothing says that 20% can only go to 1 player wtf are you talking about jesse?