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CLEVELAND (AP) â Cavaliers center Jarrett Allen has agreed to a $100 million, five-year contract to remain with Cleveland, a person familiar with the negotiations told The Associated Press on Monday as free agency opened.
Allen, who was a restricted free agent, can sign the deal on Friday, said the person who spoke on condition of anonymity because NBA rules prohibit teams from announcing deals until the league s moratorium period ends.
Allen joined the Cavs last season, coming over from Brooklyn in the blockbuster trade that sent James Harden from Houston to the Nets. The 23-year-old averaged 12.8 points and 10 rebounds in 63 games for Cleveland.
Charles Rex ArbogastPhoto by Jonathan Bachman/Getty Images
The NBA s 2021-22 free-agent period began on Monday with an explosion of agreements.
Nearly all deals won t be official until August 6, after the NBA s annual moratorium. The league s salary cap came in where it was expected to be at $112.414 million, with the luxury tax at $136.606 million.
What are the biggest deals from Day 1 and how do they grade out from the team s perspective?
We ve got you covered below and will be adding more deals and grades throughout the night.
Chicago Bulls Sign-and-Trade for Lonzo Ball
Four Years, $85 million, via Shams Charania of The Athletic
David Richard-USA TODAY Sports
The Toronto Raptors have reportedly missed out on signing Jarrett Allen and Nerlens Noel who have re-signed with the Cavaliers and Knicks, respectively
The free agent market for centers appears to be thinning out for the Toronto Raptors.
Both Jarrett Allen and Nerlens Noel will reportedly re-sign with the Cleveland Cavaliers and New York Knicks, respectively, according to multiple reports.
Allen, a restricted free agent, will reportedly sign a five-year, $100 million contract to return to Cleveland and pair up with the third overall pick, Evan Mobley.
Noel will reportedly be signing a three-year, $32 million deal to re-sign with the Knicks.
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