The Cleveland Cavaliers signed head coach Tyronn Lue to a five-year, $35 million extension

After helping pave the way for Cleveland's first major sports title since 1964, Ty Lue just got paid.

What a whirlwind of a calendar year it has been for Cleveland Cavaliers head coach Tyronn Lue. To start the 2015-16 campaign, he was David Blatt's top assistant. But, after the front office decided to part ways with Blatt midway through the season, Lue took over. With plenty of scrutiny as to why he was promoted to the big seat, the first-year head coach led the Cavs to an NBA title after coming back from a 3-1 deficit in the the best-of-seven series against the Golden State Warriors. Now, Lue has been rewarded with a five-year, $35 million extension to remain the head coach of the wine and gold until at least 2022. 1

From The Vertical's Adrian Wojnarowski:

The 39-year-old achieved the ultimate prize during his first season as the head man of a team in the NBA, even though he only had the interim tag during his first (half) season as the head coach of Cleveland. Lue became the second rookie head coach to win the NBA title. Warriors head coach Steve Kerr was the first to due so in 2015 against the Cavaliers, ironically.

But, now he has the head coach tag, he will look to lead the wine and gold to another title. In 2015, he was the highest paid assistant coach in the league. After re-signing with the Cavs, he is now the third-highest paid head coach in the NBA, behind San Antonio Spurs' Gregg Popovich ($11 million per year) and Los Angeles Clippers' Doc Rivers ($10 million per year) and tied with Dallas Mavericks' Rick Carlisle and Detroit Pistons' Stan Van Gundy.

While re-signing Lue was expected, it's a relief to finally see it happen. The extension will allow Lue's assistants to work with their agents and team in order to re-sign as well, in order to try and keep as much of the same coaching staff as possible.

Now, Dan Gilbert and company will likely turn their heads (and wallet) to LeBron James and J.R. Smith in hopes of officially getting them to both re-sign with the wine and gold.

1 Fun fact: Lue made $21,382,580 during his 11-year playing career in the NBA, with his highest salary of $3.5 million per year coming in years 8-10 (2005-08). In his first contract as a head coach, he will make almost $14 million more than he made during his career as a player and $3.5 million more per year than his top yearly salary as a player.

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