The Cavs have agreed on a new deal with Jarrett Allen.
Jarrett Allen got paid on Monday. The 23-year-old defensive specialist signed a five-year, $100 million dollar deal with the Cavs, with him starting at $17 million in his first year of the deal and his last year ending at $22 million. It’s a big nut for a guy like Allen, who has yet to prove he can be a difference-maker on a winning team.
Allen, who came over to Cleveland in a trade to start the 2020-2021 season, averaged 13.2 points and 9.9 rebounds during his first 51 games with the Cavaliers. He’s widely viewed as a big-time defensive player by NBA scouts and experts while being a plus on the defensive side of the floor for the last two full seasons.
The team came to a deal relatively fast with Allen, opting to not let teams like Toronto take a run at him for fear of losing him, or worse, further overpaying for him. Such a contract will already cause some fans to scratch their heads, especially since the Cavaliers just took Evan Mobley third overall in the 2021 NBA Draft. Mobley, like Allen, is a defensive-minded center.
While Allen was paid about $20 million over what they should’ve spent per season, it’s a far cheaper number than a lot got in the NBA.
Jarrett Allen’s contract is a bargain compared to what some other NBA players got
You can expect guys like Trae Young to get their deals, as he agreed to a supermax extension worth about $200 million over the next five years. Yet, Miami went out and seriously overpaid. Think about Allen’s $20 million a year, and now think about the fact that Jimmy Butler is getting $184 million from the Heat, which will end with him getting $50 million in the final year of his contract. No player is worth that much, let alone Butler, let alone at 36 years old.
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Chris Paul re-signed with the Suns for $120 over four years and will be 37 during the upcoming season. Duncan Robinson, like Butler, is also staying in Miami and even though he’s a good NBA player, he signed a $90 million deal for five years. Lonzo Ball is going to Chicago in a sign and trade with a new contract worth $85 million. Kyle Lowry is going to Miami on his own sign and trade and will make $90 million over three years. The Knicks spent $62 million on Nerlens Noel and Alec Burks; while the Spurs gave Doug McDermott $15 million per year over the next three years.
While yes, Allen got more than he deserved, we’re ultimately splitting hairs. Most people agree he deserved $12-$16 million per year, so $20 million isn’t the most horrendous thing ever. Sure, his contract might be spread out so the back end is heavier but according to Spotrac, he’ll make $17 million this year, and $22 million in his final year. Those are very comfortable numbers to live by.
So keep it in perspective, Allen’s deal could’ve been much, much worse.