Cavs Sign Cedi Osman To Four-Year Extension

OCTOBER 26, 2:30pm: The Cavaliers have officially signed Osman to his four-year extension, the team announced today in a press release.

OCTOBER 24, 8:59pm: In his full story for Cleveland.com, Fedor details that Osman will earn $8.75MM, $8.05MM, $7.35MM, and $6.65MM (non-guaranteed) over the life of the extension.

OCTOBER 24, 7:48pm: According to Marc Stein of The New York Times, the Cavaliers and forward Cedi Osman have agreed to a four-year, $31MM contract extension, per Osman’s representatives. Brian Windhorst of ESPN adds that the figure is $30.8MM and that the final year of the extension is non-guaranteed.

The extension, which will begin next season, will keep the 24-year-old Macedonian under team control through the 2023/24 season. Four seasons is the longest extension Osman could have received, as veteran contract extensions (besides super-max deals) are limited to five total seasons, counting the years remaining on the current contract.

Osman, who is scheduled to make just over $2.9MM this season in the last year of his current deal, could have earned up to 120% of the estimated average salary in the first year of the extension, or just under $11.5MM. Clearly, he’ll not reach that figure based on the reported value of the deal.

Chris Fedor of Cleveland.com hears that Osman’s salary will decline over the life of the contract and Bobby Marks of ESPN adds that his 2020/21 salary will be $8.6MM. At a decline of 8% per season – the maximum amount allowed under the CBA – Osman’s contract would be worth just under $30.3MM, which is close to the figures reported by Stein and Windhorst.

The Cavaliers will surrender some cap flexibility this upcoming offseason by signing Osman to a deal with a first-year salary about $3.1MM higher than his cap hit would have been, but with so many other potential free agents signing extensions, the Cavs were smart to lock up Osman for the future.

Photo courtesy of USA Today Sports Images.

newest oldest

9 thoughts on “Cavs Sign Cedi Osman To Four-Year Extension

  1. spinach

    What’s with the last sentence? Are these articles supposed to judge whether moves are good or bad?

    • x%sure

      Can’t argue with the judgement though. He is more likely to have improvement ahead than not. Hopefully Osman can figure the officiating with experience. I like his version of the game but it doesn’t always fly.

    • Black Ace57

      People like Zach Lowe and Brian Windhorst were suggesting this as a good option as spending cap room on FA this off-season could be trouble in terms of signing bad deals.

  2. Osman at under about 8 mil a season is such a good deal for the Cavs. Not only is he young and improving but he’s also a solid role player right now

    • If he keeps improving the way he has the last two years of that deal will be a steal for the cavs

    • Even if he doesn’t improve at 8 mil it’s hardly a bad deal. I’d say his ability right now is worth about 6/7 mill

  3. Michael Chaney

    I saw a few people criticizing this deal on Twitter, and I don’t get it. I think 4/31 is reasonable for him these days even if he doesn’t keep improving.

    Last year was his first legitimate chance to play (he was buried on the bench for a win-now team that didn’t have time to develop him the year before), and he needs to be more efficient and was taxed being a primary defender but I think he’ll only continue getting better. He can be a solid starter with the potential for more, and about $8 million a year for a solid starter is pretty reasonable.

    • x%sure

      And, in a worst-case, it’s also not bad for a backup with zip who connects to title-winning days and is not putzing around dreaming of somewhere else.

      If nothing else, the signing is a good “sign”!

      I like it. I predict continued improvement for this year before he hits his ceiling.

Leave a Reply