Kyrie Irving agrees to contract extension with Cleveland Cavaliers

Irving and Cavs owner Dan Gilbert confirmed the agreement on Twitter, but it cannot be signed officially until July 10.

The Australia-born 20-year-old, the top pick in the 2011 draft, had a year remaining on his contract.

Irving's extension is reportedly worth approximately $90million.

Gilbert tweeted: "Looking forward to the next 6 years of @KyrieIrving in CLE. Just shook hands &intend to sign on the 10th. Cant be more excited about @cavs..."

"I'm here for the long haul Cleveland!!! and I'm ecstatic!! Super excited and blessed to be here and apart of something special.#ClevelandKID," Irving added.

Irving has averaged 20.7 points and 5.8 assists in his first three seasons in the NBA.

He won the MVP award in the NBA All-Star game in 2014 after scoring 31 points and having 14 assists for the Eastern Conference.