There have been conversations between Cavaliers general manager Koby Altman and agent Jeff Schwartz about a possible contract extension for Cedi Osman, writes Chris Fedor of Cleveland.com. However, Fedor cautions that those have been “just initial talks.”
As Fedor details, the Cavaliers wanted to allow Osman to focus on his World Cup commitment before more seriously exploring a potential extension. Turkey was eliminated from medal contention earlier today following a loss to the Czech Republic, so Osman’s FIBA run will come to an end once the Turkish squad finishes its classification-round play.
Osman, 24, enjoyed a breakout season for the Cavs in 2018/19, starting 75 games and averaging 13.0 PPG, 4.7 RPG, and 2.6 APG with a .427/.348/.779 shooting line.
Although he’s not technically eligible for a rookie scale extension, having been a second-round pick, Osman qualifies for a veteran extension since it has been over two years since he signed his first NBA contract. Such an extension could be worth up to approximately $51MM over four years.
According to Fedor, Cleveland isn’t necessarily in any rush to extend Osman now, since he’ll be a restricted free agent next summer when the team will have a ton of salary coming off its books. Still, if the numbers discussed between the two sides make sense, the Cavs wouldn’t be averse to locking up one of their long-term building blocks sooner rather than later.