Isaac Okoro agrees to three-year, $38 million contract to remain with the Cavaliers

The Cleveland Cavaliers and restricted free agent forward Isaac Okoro signed a three-year, $38 million contract Saturday afternoon, agents Michael Tellem, Jeff Schwartz and Marcus Monk told ESPN’s Adrian Wojnarowski.

Okoro, 23, was the fifth overall pick in the 2020 NBA Draft and was the last restricted free agent remaining on the market. His signing, which comes just over two weeks before the start of training camp, caps what has been a busy and productive summer for the Cavaliers.

Earlier this offseason, Cleveland secured huge contract extensions for superstar guard Donovan Mitchell (three years, $150 million), young cornerstone forward Evan Mobley (five years, $224 million) and center Jarrett Allen (three years, $91 million). The Cavaliers also hired Kenny Atkinson from the Golden State Warriors to replace J.B. Bickerstaff as the team’s head coach.

Cleveland also has Okoro back, a 6-foot-1 forward who averaged 9.4 points and made a career-high 39.1 percent of his three-pointers on more than three attempts per game. He played in 69 games, 42 as a starter.

Okoro will once again fill a key role off the bench for the Cavaliers this season, slotting in behind Mitchell and Max Strus on the wing and serving as the team’s top perimeter defender. Cleveland will look to build on winning a combined 99 games over the past two seasons and reaching the second round of the playoffs for the first time since last spring in 2018 — and the first time without LeBron James on the roster since 1993.