Tristan Thompson agrees to 5-year, $82 million contract with Cleveland Cavaliers
League sources informed Northeast Ohio Media Group that the two sides agreed Wednesday to a five-year, $82 million pact, ending a lengthy stalemate that should ensure Thompson's presence in Northeast Ohio through the deals already in place with Kevin Love and Kyrie Irving and, most likely, LeBron James.
Cleveland will have the highest payroll in NBA history with the signing, opening training camp next week with a commitment this year of approximately $115 million.
Throw in the luxury tax, and they're certainly spending a bunch of money to keep their core together. Mind you, when you come within a couple of wins of the NBA championship, and you're considered the favourites to win it this season, it's not exactly a terrible investment. It's not like they're the Knicks of about ten years ago, with a huge payroll for a mediocre-at-best roster.