Nance averaged 8.9 points and seven rebounds in 24 games for Cleveland last season.
Larry Nance Jr. is remaining with the Cavaliers.
Cleveland and the 25-year-old forward agreed to a four-year, $45 million extension Monday, according to a report from Yahoo Sports, which cites unidentified league sources. Nance was in the final year of his rookie deal.
Larry Nance has reached a four-year, $45 million extension with Cleveland, league sources tell Yahoo Sports.
— Chris Haynes (@ChrisBHaynes) October 15, 2018
Nance averaged 8.9 points and seven rebounds in 24 games for the Cavaliers last season. He also added 4.8 points per game in 20 playoff appearances.
The Lakers originally selected Nance out of Wyoming with the 27th pick in the 2015 draft. He played in 168 games with Los Angeles before he was sent to the Cavaliers as part of the Isaiah Thomas trade in early February.
Nance has averaged 7.1 points per game over his three-year career.
The Cavaliers will open the regular season Wednesday against the Raptors.