"I'm just very excited and obviously humbled", Love said of the deal. The only problem is, they're going to have to convince that player to join a roster with only five players - Love, Collin Sexton, Cedi Osman, Tristan Thompson and Jordan Clarkson - under contract, and one that has no clear path to actually add additional talent.
"When I first came to Cleveland, I came with a long-term mindset", Love said in a news release on Tuesday.
Without James dominating the possession of the ball, and as the only remnant of the Cavs" "Big Three, ' Love is in flawless position to take the lead in Cleveland, beginning next season. "So we're definitely excited about who we have moving forward". A potential playoff appearance, plus an All-Star in Love, would probably be financially beneficial for the Cavs and perhaps enough to make them a viable landing spot for free agents.
It's already been an eventful offseason - and the signing of Love has been the height of several highlights. "And I think who we have on our team and who we have moving forward really reflects that".
Rather than trying to build through high draft picks and cap space, the Cavs are going to try to go with more of a "re-tool" than a full on rebuild.
Three days after the report of such an offer for Wade to continue his career with a shift to the Chinese Basketball Association, a report by a journalist in China has the offer from the Zhejiang Golden Bulls to Wade at $25 million over three years.
This move signals that Gilbert and Altman are determined to remain competitive in the second post-LeBron James era. No, of course not, but their future is a little brighter today than it was yesterday.
But for now, it looks like Cleveland will try to compete in the Eastern Conference with Love as the focal point.
Love's contract extension is reminiscent of what happened with Chris Bosh after LeBron left the Heat. Now Love has done the same. It gives him financial security as he ages and his career winds down.
ESPN has details on why this decision was made. He enjoys playing for the Cavs and has embraced the community. Maybe he will be a more appealing trade target on this contract rather than a potentially expiring one. That's no small thing.