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Cavs nearing agreement on long-term deal with Tristan Thompson

The Cleveland Cavaliers are nearing an agreement on a long-term deal to re-sign restricted free agent Tristan Thompson, according to league sources.

Sources told ESPN.com that the Cavaliers and Thompson are closing in on a pact expected to exceed $80 million over five years to keep the promising power forward in a frontcourt that will also feature Kevin Love after Love announced Wednesday that he's staying in Cleveland.

Although no deal can be officially signed until July 9, when a leaguewide moratorium is lifted, Thompson and the Cavaliers have essentially come to terms on a deal that will undoubtedly please Cavs star LeBron James, who is one of Thompson's biggest fans and whose agents from Klutch Sports -- Rich Paul and Mark Termini -- represent Thompson as well.

Among the reasons James opted out of the second year of the two-year deal he signed with Cleveland last summer was to take a step back and see whether the Cavs would indeed strike quick deals with the likes of Love and Thompson.

Cleveland still has plenty of work to do in free agency -- with Iman Shumpert, J.R. Smith and Matthew Dellavedova all in line for new contracts as well -- but the commitments Cavs owner Dan Gilbert already has made in the first few hours of free agency to Love and Thompson send a strong message to James about the franchise's commitment to winning, since it ensures that the Cavaliers are headed for a massive luxury-tax bill after the upcoming season.