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The Cleveland Cavaliers are having ongoing discussions with Larry Nance Jr.’s representation regarding a contract extension, according to a report from Jordan Schultz of Yahoo Sports.
Nance Jr. is entering the final year of his rookie contract and currently slated to make $2.3 million in 2018-19. If he and the Cavs are unable to agree upon an extension before the season starts, Nance Jr. will enter restricted free agency in the summer of 2019 if Cleveland offers him a $3.7 million qualifying offer.
Sources: #Cavs having ongoing discussions with Larry Nance, Jr. representation regarding a contract extension. Both sides would like a new deal (CLE really likes him). Nance – who posted a career-high TSP last season – is currently scheduled to earn less than $2.3M next year.
— Jordan Schultz (@Schultz_Report) August 2, 2018
The Cavs acquired Nance Jr. from the Los Angeles Lakers at the February trade deadline in the Isaiah Thomas deal. The 25-year-old appeared in 24 regular-season games with the Cavs, averaging 8.9 points and 7.0 rebounds while shooting 55.0 percent from the field.
During the Cavs’ postseason run, Nance Jr. played in 20 contests and posted 4.8 points and 4.5 rebounds in roughly 16 minutes per game.
Nance Jr. and the Cavs have mutual interest in getting a deal done.