Cavs Re-Sign Iman Shumpert to Four-Year $40 Million Deal

by July 02, 2015

Owner Dan Gilbert and the Cleveland Cavaliers spent a ton of money on the first day of free agency, agreeing to terms with three key pieces.

Iman Shumpert will return to Ohio next season, on a reported four-year deal worth $40 million.

Per the AP:

Shumpert and the Cavaliers came to agreement on Wednesday evening. The person spoke on the condition of anonymity because the deal has not been announced. A contract cannot be signed until July 9. […] Shumpert came to the Cavaliers with J.R. Smith in a trade midseason with the New York Knicks. Shumpert’s perimeter defense helped LeBron James take an injury plagued team to the NBA Finals.

 

Shumpert averaged 7.2 points and 3.8 rebounds in 38 games with the Cavaliers in the regular season.

 

Shumpert’s signing comes after the Cavs gave Kevin Love a five-year, $110 million deal and Tristan Thompson a five-year, $80 million contract.