HoopsHype Kyrie Irving rumors

July 1, 2014 Updates

The Cleveland Cavaliers secured the most important piece of their future early Tuesday morning, when point guard Kyrie Irving agreed to a five-year, $90 million maximum contract that will be signed when the NBA free agency moratorium lifts on July 10. A person with knowledge of the situation confirmed the terms of the deal but spoke to USA TODAY Sports on the condition of anonymity because terms were not disclosed by the team. Cavaliers owner Dan Gilbert tweeted about the agreement not long after the team's meeting with Irving, breaking the news that an agreement was reached. USA Today Sports

Kyrie Irving: I'm here for the long haul Cleveland!!! and I'm ecstatic!! Super excited and blessed to be here and apart of something special.#ClevelandKID Twitter

Blatt and Lue "were incredibly impressive," Irving's agent, Jeff Wechsler told Yahoo Sports. "That's what helped sell Kyrie on taking this deal." Irving has one year remaining on his current contract. He can't sign the extension, which will take him through the 2019-20 season, until July 10 when the league's free-agent moratorium ends. "Kyrie is looking forward to growing with the organization and city of Cleveland over the next six years," Wechsler told Yahoo Sports. Yahoo! Sports

Adrian Wojnarowski: Kyrie Irving intends to sign 5-year, $90 million extension with the Cavaliers, league source tells Yahoo Sports. Commitment came in meeting. Twitter @WojYahooNBA

June 30, 2014 Updates
June 27, 2014 Updates
June 25, 2014 Updates
June 24, 2014 Updates

The Cavs, meanwhile, have numerous nonguaranteed contracts on their books and extra draft picks they could attach to other players in trades to free up money. There are scenarios where the team believes it could clear in excess of $30 million in cap space without having to trade young star Kyrie Irving or the No. 1 overall pick in Thursday's draft, sources said this week. ESPN.com

June 23, 2014 Updates
June 10, 2014 Updates

Currently on tour for Nike Basketball in Hong Kong, All-Star point guard Kyrie Irving broke out an all-new Player Exclusive while conducting a skills session earlier today. While breaking down hoops for the locals, Kyrie was laced up in the upcoming Nike Hyperdunk 2014. His PE colorway is decked out in bright crimson with black accents and volt color pops. No word yet on a possible release. Sole Collector

June 7, 2014 Updates

The Cavs will offer Irving the full 5-year maximum contract. There have been reports that they were having second thoughts -- that's simply not true. Reports about the Cavs even considering backing away from a maximum contract are simply wrong. My sources tell me that the Cavs have had no doubts about offering Irving the 5-year deal, and will do so. Once July 1 arrives -- the first date that an extension can be offered -- the Cavs will set up a meeting with Irving. They will present their All-Star guard with a contract extension, a 5-year deal in the $90 million range (or whatever is the maximum number). Cleveland Plain Dealer

The hope is that he will sign the five-year deal, much like John Wall did with Washington before the 2013-14 season. That was a signal to Washington's players and fans that he was committed to the team. And yes, Wall's commitment did help the Wizards come together as a team and make the playoffs, upsetting Chicago in the first round. The Cavs want to know if Irving will do the same as Wall did for the Wizards. He can't become a restricted free agent until the summer of 2015. And he won't be unrestricted until 2016. Cleveland Plain Dealer

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