The Cleveland Cavaliers and Tyronn Lue reached an agreement on a five-year extension Monday, sources said.
The first four years are fully guaranteed, according to the sources. The fifth year is a team option.
Lue did not sign a new contract when he was promoted from associate head coach to take over for David Blatt in January, sources previously told ESPN.
Lue led Cleveland to a 27-14 mark in the second half of the season and through the playoffs to the NBA championship.
He was already the league's top-paid assistant coach when he was added to Blatt's staff in the summer of 2014 with a four-year deal worth a total of $6.5 million.