According to Chris Haynes of Yahoo Sports, the Cavaliers and Nance agreed to a four-year contract extension worth $45 million. Nance was acquired by Cleveland last season as part of the return package in the trade that sent Isaiah Thomas and Channing Frye to the Los Angeles Lakers.
Ben Axelrod of WKYC noted the extension will keep Nance with the Cavaliers through the 2022-23 campaign and avoids a situation where he would have been a restricted free agent next offseason.
Nance—the son of three-time All-Star and former Cavaliers player Larry Nance—appeared in 24 regular-season games for Cleveland in 2017-18 and averaged 8.9 points and 7.0 rebounds a night behind 55 percent shooting from the field.
His role was reduced during a playoff run that resulted in an NBA Finals loss to the Golden State Warriors, but he still averaged 4.8 points and 4.5 boards a night in 20 games.
Nance is just 25 years old and a potential frontcourt building block as the team looks to the future after LeBron James joined the Lakers this offseason. He also impressed on the defensive side considering Cleveland's defensive rating was 101.9 when he was on the floor compared to 113.5 when he was off it, per NBA.com.
He has length at 6'9" to bother shooters but enough athleticism to stay in position against versatile forwards who can handle the ball.
Look for Nance to continue serving as a defensive leader for the Cavaliers as they attempt to establish themselves as contenders without James.