AUGUST 6: The Cavaliers have issued a press release formally announcing Allen’s new deal with the club.
“We spent the last few years maintaining our financial and roster flexibility to put ourselves in a position to acquire and now re-sign a player of Jarrett’s caliber,” general manager Koby Altman said in a statement. “Since his arrival, Jarrett has fit seamlessly into our culture and almost instantly, he earned the respect of his coaches and teammates. We took another positive step forward in our pursuit of sustainable success with this signing, as we see Jarrett as an integral piece of our future moving forward.”
Cleveland traded a first-round pick for Allen in the four-team James Harden blockbuster this past season with the intent of retaining him for years to come. Even after drafting USC big man Evan Mobley with the No. 3 overall pick last Thursday, the Cavs prioritized a new deal for Allen, since the team believes he and Mobley are capable of playing alongside one another.
The Raptors were considered the Cavaliers’ top threat for Allen, but Cleveland wasted no time in negotiating directly with the 23-year-old rather than letting him go out and get an offer sheet.
Allen averaged 13.2 PPG, 9.9 RPG, and 1.4 BPG across 51 contests after the Cavs acquired him. He had been the No. 4 free agent on our top-50 list.