The Miami Heat and Kevin Love have agreed on a new two-year, $8 million contract, according to The Athletic’s Shams Charania.
The deal can keep Love in Miami for another two seasons. Love opted out of his $4 million contract for this season with the intention of signing a multi-year contract to stay with the Heat.
Love, 35, averaged 8.8 points, 6.1 rebounds and 2.1 assists in 16.8 minutes per game last season, primarily coming off the bench as the backup center behind Bam Adebayo. Love and star Jimmy Butler, who intends to return to the Heat next season, developed chemistry in those minutes.
Free agent F/C Kevin Love is finalizing a two-year, $8 million-plus deal to return to the Miami Heat, sources tell @TheAthletic @Stadium. pic.twitter.com/uUFBaErvb8
— Shams Charania (@ShamsCharania) June 30, 2024
Since joining the Heat after agreeing to a buyout with the Cleveland Cavaliers in 2023, Love has emerged as a locker-room favorite and respected veteran in Miami in his 1 ½ seasons.
Love signed a two-year, $8 million contract with a player option for the 2024-25 season last summer. This new contract does not include a player option in the second season and gives Love the chance to play until he’s 37 years old.