Kyrie Irving ended speculations about his future in Cleveland after the All-Star point guard reportedly agreed to sign a five-year contract extension with the Cavaliers on Tuesday.

According to ESPN, Irving received a maximum deal worth $90 million. The deal will run from the 2015-16 season until the 2019-20 season because Irving is still in contract with the Cavaliers for the upcoming season.

The deal was first announced by Cavaliers owner Dan Gilbert on his Twitter account, saying that the Irving will be in Cleveland for the next six years. The new deal cannot be signed until July 10 when the free agency moratorium ends.

Reports indicated that Gilbert along with general manager David Griffin and coach David Blatt visited Irving in his home in New Jersey shortly after the free agency period began on Tuesday.

Irving, who declined to talk about his future several times last season, also announced the new deal on his Twitter account, expressing how excited he is about his future in Cleveland.

"I'm here for the long haul Cleveland!!!" Irving said. "And I'm ecstatic!! Super excited and blessed to be here and a part of something special."

Signing Irving, who averaged 20.8 points to go along with 6.1 assists and 3.6 rebounds last season, is a significant move for Cleveland as they continue to retool their roster in hopes of ending their playoff drought.

Irving's new deal could also be a main selling point for the Cavaliers when they make a pitch to free-agent superstar LeBron James, who is reportedly considering signing elsewhere as he is looking for a maximum deal.

According to Jason Lloyd of the Akron Beacon Journal, the Cavaliers have been preparing for their pursuit of James over the past several months.

While they are aware that all interested teams will lay out a plan on how to build a title contender around him, the Cavaliers are reportedly confident that they have an edge.

"The Cavs privately feel they can separate themselves in two key areas: This area is still home to him, and Dan Gilbert is willing to cut any check necessary to help the team win," Lloyd wrote.

Reports indicated that James has given his agent, Rich Paul, the go signal to talk to several teams, but there is still a growing speculation that the four-time Most Valuable Player will eventually decide to stay in Miami.

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