The Cleveland Cavaliers have re-signed one of the best three-point shooters in NBA history. Kyle Korver joined the Cavs last season after a mid-season trade with the Atlanta Hawks. He provided some much-needed shooting off the bench for Cleveland and given the Cavs currently tight cap structure, the team is looking to keep all the talent they have.
Korver has agreed to remain with the Cavs on a 3-year, $22 million contract. Following comes from Shams Charania of The Vertical.
Free agent Kyle Korver has agreed to a three-year, $22M deal with the Cleveland Cavaliers, league sources tell The Vertical.
— Shams Charania (@ShamsCharania) July 2, 2017
By agreeing to terms with Korver, the Cavs are looking at a massive tax bill heading into next season. The following comes from Bobby Marks of ESPN.
The Cavaliers luxury tax bill for next season now increases from $20.4M to $42.7M with the Kyle Korver three-year, $22M contract. Cleveland now has 10 players on guaranteed contracts.
Is Kyle Korver worth an additional $20 million in tax? Well at this point, with no other realistic options, he’s the best the Cavs got. His contract is also reportedly partially guaranteed in the third year, so the Cavs can break glass if things don’t work out.
