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.
Lue, 39, finished the final 41 games of the Cavaliers' regular season with 27 victories before rolling through Detroit, Atlanta and Toronto to reach the Finals. Lue earned the trust of the Cavaliers' stars, including LeBron James, and his tactical acumen in the Finals helped orchestrate the dramatic championship comeback.
Lue had been an assistant coach with Boston and the Los Angeles Clippers before joining the Cavaliers in 2014 as associate head coach under Blatt.
No comments:
Post a Comment