Shams Charania: Free agent Luol Deng has reached agreement on a four-year, $72 million deal with the Los Angeles Lakers, league sources tell The Vertical.
July 25, 2016 | 10:06 pm EDT Update
After helping to deliver the Cleveland Cavaliers an NBA championship, head coach Ty Lue has agreed to a five-year, $35 million contract extension, league sources told The Vertical. The agreement was reached on Monday and a formal announcement is expected in the next 24 hours, league sources told The Vertical.
After his promotion to head coach following David Blatt’s firing in January, Lue gambled on himself and decided against signing a shorter, less lucrative deal as Cavaliers coach – never signing a three-year, $9.5 million contract framework. Lue’s decision turned out to be prophetic, because the Cavaliers’ improbable 3-1 comeback victory in the NBA Finals against the Golden State Warriors allowed for him to become compensated among the NBA’s elite head coaches.