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Why The Cavs Are Signing Kevin Love To A Huge Contract Extension

kevin love speaks at a cavs press conference

Kevin Love is a wealthy man today. The Cleveland Cavaliers and their All-Star forward have reportedly agreed to a huge four-year contract extension. The new deal is expected to be announced at a ceremony at the Cavs' arena later today.

The numbers: four years, $120 million.

This puts Love's current deal at five years and $145 million. He has one year and $25 million left on his current contract and the extension will kick in in 2019.

Why are the Cavs doing this?

Sure, Love is a good player, but it's still kind of puzzling that Cleveland, which probably isn't going to be a playoff team, would want to pay him $30 million/year when he's in his 30s.

ESPN has details on why this decision was made. Basically: the Cavs want to make the playoffs.

From Adrian Wojnarowski and Brian Windhorst:

In the aftermath of LeBron James' departure in free agency to the Los Angeles Lakers, the Cavaliers aggressively pushed to secure Love, 29, for the long-term. Owner Dan Gilbert and GM Koby Altman have been determined to keep the Cavaliers a playoff team, and that plan included keeping Love out of free agency in 2019.

It's tough to imagine the Cavs making the playoffs, but good for Kevin Love.