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Home » Love and Cavaliers Finalize Buyout of Contract

Love and Cavaliers Finalize Buyout of Contract

19 February 2023, Sunday
The Cleveland Cavaliers and All-Star forward Kevin Love have reached an agreement to part ways, the team announced on Saturday. Love is reportedly interested in joining the Miami Heat, based on two anonymous sources who spoke to the Associated Press. However, for that to happen, the five-time All-Star must first clear waivers.

Upon the news of the buyout, Cavaliers President of Basketball Operations Koby Altman also declared that one day, Love's jersey will be retired in Cleveland. Altman spoke highly of Love’s nine seasons with the Cavs, saying he embodied everything the organization could want in a player. He commented on the memorable moments, four NBA Finals appearances and Love's part in helping the Cavaliers win the championship in 2016. Altman concluded by expressing the organization's admiration and gratitude for Love, and wished him nothing but the best. It is clear that Love has secured a place in the hearts of Cavaliers fans and the organization for eternity.

Cleveland Cavaliers All-Star Kevin Love is reportedly close to making a decision on his future, with several other teams said to be interested in talking to the veteran forward.

According to a person familiar with the situation, Love is expected to make a decision soon on where he will be playing. Love earns $31.3 million in his current contract and is believed to be receiving considerable interest from multiple teams.

Love has been with the Cavaliers since 2014, and is the last remaining connection from the franchise's 2016 NBA Championship-winning squad. His numbers this season are at career-lows, with 8.5 points, 6.8 rebounds and 20 minutes per game.

Over the course of his 15-year career with Cleveland and Minnesota, Love has averaged 17.2 points and 10.5 rebounds. His 3-point shooting has stayed around 37%, and he has helped USA Basketball win gold medals in both the Olympics and FIBA World Cup.

Love is coming to the end of a $120 million contract that he signed four years ago in 2018. Due to his lack of playing in the Cleveland Cavaliers' last 12 games before the All-Star break, his representatives had approached the team about a buyout.

The Miami Heat made a move which gave them enough financial space to accept at least one player in the event of a buyout by dealing away Dewayne Dedmon to the San Antonio Spurs in exchange for cash considerations. This gave the team a roster spot where they could make a move.

As of the All-Star break, Cleveland is 4th in the East at 38-23, while Miami resides at 7th with a 32-27 record, a half-game behind the the New York Knicks.
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