The Cleveland Cavaliers reached an agreement to retain guard/forward Kyle Korver.
The deal is worth $22 million dollars over three seasons with the third season being partially guaranteed according to Brian Windhorst of ESPN.
Financially, the luxury tax bill increases from $20.4 million to $42.7 million for next season. However, owner Dan Gilbert has been willing to pay the luxury tax to keep the Cavaliers a championship contender.
Korver was acquired by Cleveland in January from the Atlanta Hawks to give them another three point shooter off the bench. It paid off in Korver scoring 10.7 points per game and shot 48.5% from three point distance in 35 games for the Cavs.
In the postseason though, he struggled scoring 5.8 points per game and his three point percentage dropped to 39%. He could’ve been a hero in Game 3 of the Finals when Lebron passed it to him for what could’ve been the game winner but he unfortunately missed a wide open three pointer.
At 36 years old, I don’t think he was planning on leaving Cleveland and made it clear he wanted to stay so I’m glad he’s coming back. I know fans said they didn’t want him back but I’m sure he’ll perform better for Cleveland in the postseason next year.
Cavs still need to fill out their bench but bringing back Korver was a key to the offseason and it’s good they got him retained quickly.