The clock is ticking, Cleveland Cavaliers.
Yes, you’re still likely overjoyed from the acquisition of small forward Luol Deng, but don’t party too hard as Bob Finnan is reporting some less than encouraging news.
Per NBA rules, the Cavaliers have until June 30th to offer Deng a three-year contract extension worth $49.5 million dollars. That’s a max deal and one Deng understandably isn’t worth, but they may need to offer such to keep him in wine and gold given the alternatives which could include Deng leaving:
A source believes if Deng becomes an unrestricted free agent on July 1, his chances of signing with the Cavs drop considerably.
Deng can of course make more money with the Cavaliers than any other team, so it’s just a matter of getting such an offer.
As is the case with often retaining your own free agents, you’re almost forced into overpaying and it’s looking likely that will be the scenario for Cleveland.
Of course, if you’re going to overpay somebody, there are a lot worse options than Luol Deng.