NBA Rumors: Luol Deng unlikely to re-sign with Cavs if he hits free agency?

Jan 10, 2014; Salt Lake City, UT, USA; Cleveland Cavaliers forward Luol Deng (9) warms up prior to a game against the Utah Jazz at EnergySolutions Arena. Mandatory Credit: Russ Isabella-USA TODAY Sports

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.

Topics: Cleveland Cavaliers, Luol Deng

Want more from FanSided?  
Subscribe to FanSided Daily for your morning fix. Enter your email and stay in the know.

24 minutes ago

2014 NBA Draft: List of early entrants

25 minutes ago

NBA Draft 2014: New Mexico State’s Sim Bhullar to enter draft

36 minutes ago

College football recruiting: 3-star RB Tyrone Perkins commits to Syracuse Orange