Kyrie Irving

Kyrie Irving’s contract extension lets him opt out early

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We don’t yet know what type of contract LeBron James will sign with the Cavaliers.

Will it be a two-year deal with a player option, a three-year deal with a player option or a four-year deal with a player option?

Those are the possibilities. Barring an unlikely extension, LeBron will hit free agency again by 2018.

Kyrie Irving can follow not long after – and a year earlier than expected.

Before LeBron announced his plan to sign in Cleveland, Irving agreed to a five-year contract extension with the Cavaliers that begins after the upcoming season. However, Irving could terminate that contract after just four years of the extension.

Adrian Wojnarowski of Yahoo Sports:

The terms of Cleveland star point guard Kyrie Irving’s five-year, $90 million contract will include an early termination option for the 2019-20 season and a 15 percent trade kicker, league sources told Yahoo Sports.

Irving’s deal includes the “Derrick Rose” provision, which allows Irving to gather 30 percent of the Cavaliers’ salary-cap space instead of 25 percent

Jeffrey Wechsler, Irving’s agent, really took the Cavaliers to the cleaners.

The designated-player and Derrick Rose rules allow teams to offer a  longer and larger rookie-contract extension. By design, those mechanisms are in place so a team rewards a player it wants to keep for five years rather than the standard four. That way, both the team (a young star under it’s control for longer) and player (more money) get something out of the arrangement.

Irving took his bounty and left the Cavaliers none of their extra security.

Essentially, Irving could escape Cleveland after four years of the extension, which starts in 2015-16. Thankfully for the Cavs, they signed LeBron, surely diminishing Irving’s desire to leave.

Blake Griffin and Paul George are the only other designated player to receive the ability to opt out after their fourth season of the extension. To get his player option, George had to drop his Rose-rule-raised salary from 30 percent to 27 percent. Griffin, though, got his full 30 percent along with an early termination option.

As can Irving.

We won’t know the value of Irving’s extension until the 2015-16 salary cap is set next July, but if the cap rises by the same amount it did this year, the baseline would be $90,686,380.

Irving would trigger the Derrick Rose rule – raising his contract to$108,823,656 based on the the same projected cap – only by winning MVP or being voted an All-Star starter this season. Considering he was already voted a starter last year and now the NBA’s most popular player is bringing more attention to his team, Irving should have no problem getting voted a starter again. Plus, I bet plenty of Heat fans wouldn’t mind voting for Irving if it makes Dan Gilbert write a larger paycheck.

Of course, 2020, when Irving can become a free agent, is a long way off. So much can change between now and then.

But that’s when Irving will get his first chance at the unrestricted ability to change NBA teams.

Luckily for the Cavaliers, they’ll have LeBron to coax Irving back to Cleveland. Probably.

Nets’ Greivis Vasquez pulls out of Olympics for Venezuela

DENVER, CO - NOVEMBER 11:  Greivis Vasquez #21 of the Milwaukee Bucks takes the court against the Denver Nuggets at Pepsi Center on November 11, 2015 in Denver, Colorado. The Nuggets defeated the Bucks 103-102. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Doug Pensinger/Getty Images)
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Venezuela is in its first Olympic basketball tournament in more than 20 years — they upset Canada and Argentina to win the FIBA Americas tournament last summer and earned the right to go to Rio.

But they are going to have to play there without the one NBA player on their roster. Greivis Vasquez, who had ankle surgery last December, announced he had to pull out, via the Nets.

If you want to know what this means for the Venezuelan team heading into Rio, well, they shot just 23.9 percent in an 80-45 loss to Team USA Friday night in Chicago — and that was by far the USA’s worst performance in the exhibition run-up to the Rio Games.

Vasquez should be getting decent minutes off the bench behind Jeremy Lin in Brooklyn this season. They need him healthy as the team tries to move from “god awful” to just plain “not good” next season.

Report: Monty Williams to accept role on Spurs coaching staff next season

LAS VEGAS, NV - JULY 18:  Draymond Green #14 of the 2016 USA Basketball Men's National Team drives against assistant coach Monty Williams of the 2016 USA Basketball Men's National Team during a practice session at the Mendenhall Center on July 18, 2016 in Las Vegas, Nevada.  (Photo by Ethan Miller/Getty Images)
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Another smart move by the Spurs.

Monty Williams is one of the better assistant coaches in the NBA right now, and he was available (remember he understandably left Oklahoma City last season after the tragic death of his wife). He’s part of Mike Krzyzewski’s staff with USA Basketball this summer — watch him in practices at age 44 and he’s a better defender plenty of players in the league — and he wanted to get back on the bench.

San Antonio has snapped him up, reports Marc Stein of ESPN.

Sources told ESPN that Williams — who left the Oklahoma City Thunder’s bench in February after the tragic death of his wife, Ingrid — has been urged by Spurs coach Gregg Popovich to take as much of a role with the organization as he feels comfortable for the 2016-17 campaign.

The specifics of what role Williams would fill and how much time he could commit have not yet been determined, but sources say San Antonio has opened the door to either a coaching and player-development role or a front-office position (or a hybrid), depending on what he prefers.

One source close to Williams told ESPN that the 44-year-old “absolutely” intends to be a head coach in the league again after his expected stint with the Spurs. The source also said numerous teams, including Oklahoma City, have made similar offers to Williams for next season.

Williams will get another shot in the big chair down the line. In the short term, this is a smart move — nothing looks better on a resume than “Spurs” around the league right now.

Team USA has sing-along on plane leaving Chicago. Well, except for ‘Melo.

OAKLAND, CA - JULY 26:  Carmelo Anthony #15 of the United States Men's National Team looks on during player intro duction prior to playing the China Men's National Team in a USA Basketball showcase exhibition game at ORACLE Arena on July 26, 2016 in Oakland, California.  (Photo by Thearon W. Henderson/Getty Images)
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Team USA had their “Tiny Dancer” moment.

Like “Stillwater” in Almost Famous, Team USA’s Jimmy Butler, Draymond Green and Kyrie Irving were leading a sing-along of Vanessa Carlton’s “A Thousand Miles” on the team plane out of Chicago to Houston for the USA’s final exhibition game. Hat tip Alysha Tsuji who pulled the snapchats.

Everyone was loving it… except for Carmelo Anthony, according to DeMar DeRozan.

Melo ain't having it…😂

A video posted by DeMar DeRozan (@demar_derozan) on

Watch Kyle Lowry’s tip-pass alley-oop to Jimmy Butler in USA win

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There were a lot of ugly things for Team USA in its exhibition win over Venezuela — the 4-of-25 shooting from three comes to mind. There was more, it was not a strong offensive performance from Team USA.

But like usual, we can overwhelm teams with athleticism, and that means wins and highlights. Like Kyle Lowry‘s tip-pass alley-oop to Jimmy Butler.

Or DeMar DeRozan‘s late-game windmill dunk.