Cavs, Tyronn Lue agree on 5-year extension

The 2016 NBA Champion Cleveland Cavaliers and Head Coach Tyronn Lue have agreed on a new, multi-year contract, General Manager David Griffin announced from Cleveland Clinic Courts.

“Ty took over our team under very trying circumstances and his calm, confident approach was invaluable as we found our way to success,” said Griffin.

Lue was promoted from associate head coach to head coach on January 22, 2016, thus becoming the 20th head coach in franchise history. The Cavs went on to finish the 2015-16 season with the best record in the Eastern Conference (57-25) and the franchise’s first ever NBA Championship.

According to ESPN, the deal is a five-year extension with the first four years fully guaranteed. The fifth year is a team option. The Vertical reports the deal is worth $35 million.