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Mitchell Commits to a Four-Year, $273 Million Deal with Cleveland

July 7, 2026

By Carolyn Coene

Donovan Mitchell is staying put in Cleveland after agreeing to a four-year contract extension worth $273 million, according to a person familiar with the agreement. The deal has not yet been officially announced.

The extension, which Cleveland became eligible to offer on Tuesday, keeps the seven-time All-Star under contract through at least the 2029-30 season. It also includes a player option worth approximately $76 million for the 2030-31 season, along with a full trade kicker. Mitchell still had two years remaining on his previous contract and could have waited until next summer, when he would be eligible for a five-year supermax deal worth $350 million. Mitchell has made it clear he wants to stick with the Cavaliers.

Unfinished business

"I love it here," Mitchell said after Cleveland's playoff run ended in the Eastern Conference finals. "We have unfinished business."

Record-setting figures

The contract is currently the fourth-largest in NBA history by total value, trailing deals signed by Jayson Tatum, Jaylen Brown, and Nikola Jokić. Its average annual salary of just over $68 million is the highest in league history, exceeding Shai Gilgeous-Alexander's current deal with the Oklahoma City Thunder.

A franchise pillar

Koby Altman, Cavaliers president of basketball operations, has previously commended Mitchell's commitment to the franchise, saying the star guard's desire to stay in Cleveland makes him a notable leader and will attract other players to the organization.

Mitchell, 29, helped lead the Cavaliers to their first Eastern Conference finals appearance since 2018. During the 2025-26 regular season, he averaged 27.9 points, 5.7 assists, and 4.5 rebounds per game before averaging 26 points in the playoffs. Since being obtained from the Utah Jazz in 2022, Mitchell has averaged 26.7 points per game with Cleveland.

Building for the future

The extension could be the first of several major offseason moves for the Cavaliers. The team has been linked to a possible reunion with LeBron James, while James Harden is also reportedly weighing a new contract after declining his player option for the 2026-27 season.