This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CLEVELAND – Tyronn Lue, head coach of our 2016 NBA Champion Cleveland Cavaliers, has signed a new, multi-year contract with the team.

Cavs General Manager David Griffin made the official announcement Tuesday.

The Cleveland Cavaliers coach agreed to a five-year, $35 million extension on Monday, according to NBA insider Adrian Wojnarowski. ESPN reported the first four years are guaranteed with a team option for the fifth year.

Lue was promoted to head coach from associate head coach on January 22, making him the Cavs 20th head coach in their franchise history. He was the first head coach in NBA history to win his first 10 postseason games, the fourth-youngest head coach to win an NBA championship as well as the third coach ever to win a championship after taking over a team in the middle of the season.

As Cleveland well knows, the Cavs also became the first team to overcome a 3-1 deficit in Finals history and the fourth team ever to win an NBA Finals Game 7 on the road.

Lue joined the Cavs coaching staff in 2016. Before that, he coached with the LA Clippers and the Boston Celtics. He played in the NBA for 11 seasons with the Lakers, Washington, Orlando, Houston, Atlanta, Dallas and Milwaukee.

“The opportunity to continue coaching the Cavaliers and this very special group of players is tremendous,” said Lue. “I am extremely appreciative of the effort and commitment that Dan Gilbert, Jeff Cohen, Nate Forbes, and David Griffin showed in extending my contract. Cleveland fans are the best in sports and I have thoroughly enjoyed being a part of this very special community. I am focused on helping this organization continue to grow and look forward to more success for our team and our fans.”

More on the Cleveland Cavs, here.