Donovan Mitchell’s first season with the Cleveland Cavaliers was successful, but he has not signed a long-term deal with the team. He announced that he will not be signing an extension this offseason and will have the opportunity to sign one next summer. Mitchell’s main focus is to be the best team and bring a championship to the city.
Financially, it makes sense for Mitchell to wait. Currently, he can add three years to his contract, which would be around $149 million. By waiting until next offseason, he could potentially get a four-year deal worth around $200 million. The best possible payday for Mitchell would come in 2025 free agency where he could get a projected $260 million over five years if he re-signs with Cleveland. However, since he was traded after his rookie contract, he is not eligible for a super-max deal.
Trade rumors have followed Mitchell to Cleveland, with bigger-market teams like the New York Knicks and Brooklyn Nets being linked to him. If Mitchell still refuses to sign an extension next offseason, the Cavaliers will have to consider their options, which could include trading him for a hefty package or allowing him to become a free agent in 2025.
The Cavaliers would prefer Mitchell to stay in Cleveland and compete for championships. The pressure is on the team to prove they are the right fit for their superstar guard.
