Sources: Tristan Thompson willing to re-sign with Cavaliers on 3-year deal

— -- Restricted free agent Tristan Thompson has agreed to lower his contract demands and is willing to sign a 3-year, $53 million deal with the Cleveland Cavaliers, league sources told ESPN's Chris Broussard.

The Cavaliers, however, have not agreed to any deal but have received the offer from Thompson's side. They are reviewing the offer but have neither accepted nor rejected it.

ESPN had earlier reported that Thompson's agent was set to have the forward sign a three-year, $53 million deal to stay with Cleveland, according to sources, but that is not the case.

Cleveland GM David Griffin had called news of any pending signing "untrue" and said the specific contract terms agent Rich Paul has instructed his client to sign have "never been discussed."

The Cavs previously held firm at an offer of five years and $80 million, while Thompson had previously been looking for a max contract of $94 million over the same span, sources told ESPN's Brian Windhorst Monday.

If no deal is reached by the end of the week, Thompson was expected to sign the Cavs' one-year qualifying offer of $6.9 million to become an unrestricted free agent next year. His agent told ESPN last month that if Thompson signs the one-year qualifier, that he would not re-sign with the Cavs long-term in 2016.

Thompson is of particular importance to the Cavaliers, who went to the NBA Finals this past season. He has appeared in 308 consecutive games for Cleveland, has averaged 10.1 points and 8.4 rebounds over his four-year career and saw his stock soar by averaging 9.6 points and 10.8 rebounds in this year's playoffs.