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Cavaliers, Irving agree on $90 million

CLEVELAND — The Cavaliers didn’t wait. They announced Kyrie Irving’s contract extension the moment they were allowed.

While the team, Cleveland’s fans and most of the NBA anxiously awaited a decision from LeBron James about where the free agent megastar will play next, Irving signed his new five-year, $90 million contract extension, a deal which will keep him in a wine-and-gold uniform until 2020.

The Cavs reached an agreement with Irving on the extension in the first hours after free agency opened last week. They weren’t permitted to confirm the deal publicly until Thursday, when the league’s moratorium ended.

The move to extend Irving continued what has been a memorable summer. The team hired new coach David Blatt, selected forward Andrew Wiggins with the No. 1 overall draft pick and then locked up Irving.

On Wednesday, they traded three players: guard Jarrett Jack, center Tyler Zeller and swingman Sergey Karasev to open salary-cap space so they can offer James a maximum contract.

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