Kyle Korver Re-Signs With Cavaliers

Kyle Korver vertical

JULY 12, 8:28pm: The signing is official, the Cavaliers announced on their website.

JULY 2, 3:09pm: Kyle Korver has agreed to a new three-year, $22MM contract with the Cavaliers, tweets Shams Charania of The Vertical. The final season is only partially guaranteed, according to Brian Windhorst of ESPN.com (Twitter link).

The 36-year-old came to Cleveland in a January deal and provided a needed outside threat. He averaged 10.7 points in 35 games and shot .485 from 3-point range.

The Cavs acquired Korver’s Bird rights when they brought him over from Atlanta, which is fortunate because they don’t have any available cap room to use to re-sign him. The 14-year veteran will get a nice raise from the little more than $5.2MM he made this season.

Several other teams expressed an interest in Korver, including the Pelicans and Bucks, but he decided to remain with the Eastern Conference champions and take another shot at a ring.

Photo courtesy of USA Today Sports Images.

View Comments (8)