Kevin Love announced his decision to return to the Cleveland Cavaliers with a letter on The Player's Tribune.
The Cavaliers extended a five-year contract worth $110 million that Love accepted on Tuesday, according to ESPN's Brian Windhorst.
"Yeah, of course I’ve heard the free agency rumors," Love wrote. "But at the end of the day, and after meeting with my teammates (it turns out pools are great meeting places) and with the front office, it was clear Cleveland was the place for me. We’re all on the same page and we’re all in. We have unfinished business and now it’s time to get back to work."
Love opted out of his contract with Cleveland on June 28. LeBron James is also an unrestricted free-agent for the third time in six seasons.
In his first year with the Cavaliers, Love averaged 16.4 points and 9.7 per game. Love's season was cut short due to a shoulder injury in his first postseason series.
Love can not officially sign his new contract until July 9, when the NBA lifts a moratorium on player business.