Cleveland traded for Allen in the multi-team James Harden blockbuster this past season with the intent of retaining Allen for years to come. The Cavaliers drafted USC big man Evan Mobley with the No. 3 overall pick on Thursday and want to pair him up with Allen to form their long-term frontcourt duo.
The Cavaliers reportedly view the Raptors as their main threat to re-signing Allen but it’s widely speculated that Cleveland would match any offer sheet. The five-year offer would be a preemptive strike by Cleveland’s front office to lock up Allen.
Allen averaged 13.2 PPG, 9.9 RPG, and 1.4 BPG across 51 contests after the Cavs acquired him.