Tristan Thompson signs (5 yr/82 million)

[Osmar]

The Cleveland Cavaliers have signed Tristan Thompson to a five-year deal, Cavs GM David Griffin announced Thursday.

The deal is worth $82 million, agent Rich Paul told ESPN.com on Wednesday. The deal does not include player or team options, and all money is guaranteed.

At $16.4 million annually, it will make Thompson the sixth-highest-paid power forward in the NBA and equal the contract signed by Golden State Warriors forward Draymond Green over the summer.

It also ends a contract stalemate dating to July that caused Thompson to miss training camp and the preseason.

Thompson, 24, had been seeking a max contract of five years and $94 million or three years and $53 million. The Cavs had previously offered five years and $80 million.

While Thompson settled for less than the max, his deal is larger than many league officials thought he would get heading into the summer.

The contract completes the Cavs' goal of bringing back the core of the team that reached the Finals last season. It cost them heavily to do so -- the contracts for LeBron James, Kevin Love, Iman Shumpert, J.R. Smithand Thompson total more than $290 million in guaranteed money.

It will also come with a massive tax bill. Though the tax won't be calculated until the end of the season, and the Cavs have only 14 guaranteed contracts, they are now in line to pay in excess of $60 million in luxury tax, which would be the second highest on record.

Including salaries and tax, the Cavs are likely to spend more than $170 million on this season's roster, the second-highest number in league history behind the 2013-14 Brooklyn Nets. The Nets spent $197 million that season, including a record $90.5 million in tax.

The Cavs now have long-term deals locked up with Love, Thompson and young star Kyrie Irving, who is starting a five-year, $94 million extension he signed in 2014.

Thompson was quick to weigh in via social media in the wake of the agreement.

Cleveland Cavaliers, Tristan Thompson agree to 5-year, $82 million deal

 

[Primetime21]

 

[Eye Cue DA COLI GAWD]

overpaid

Cavs did him a favor by not withdrawing this offer

His agent's credibility is damaged beyond repair

 

[Regular_P]

I can't believe the Cavs still gave him that contract. Should have offered the league minimum and if he didn't take it, let him sit out the season. They are going to be BLEEDING money from the luxury tax, even with the huge cap jump.

They're already at like $110 million for next season and Mozgov's gonna command at least $15 million a year if not $20.

 

[Alexander The Great]

 

[The G.O.D II]

Pay max for a glorified Rodman without the Defense brehs. What a terrible precedent. I know dudes like Wall and Curry have to be beyond pissed

 

[Regular_P]

Delete

 

[bnm8907]

 

[Buckeye Fever]

For a bench player

 

[606onit]

White tweeters are infuriated

 

[Humble (Not) Mike Tyson]

:smhke:SUB TWEETS FROM GROWN BROTHERS....

 

[wire28]

maybe i should try to go to the league

a 12th man who can only give you hustle, decent defense and 0.1 pts per game should atleast be able to net me 1 mill a year based off this precedent

 

[MikelArteta]

Being a friend of lebron must be goat

 

[Dat916nigga]

good for TT getting his money

and good for bron basically strongarming dan gilbert into paying all that luxury tax for years to come

 

[delta]

maybe i should try to go to the league

a 12th man who can only give you hustle, decent defense and 0.1 pts per game should atleast be able to net me 1 mill a year based off this precedent

You ain't 6 11 tho....

This is why I look at every cat I see over 6'7" like a waste of a person. You literally have to TRY to be trash at sports not to get a D1 Scholly / overseas contract