You read that right, Australian native and Cleveland Cavs favorite Matthew Dellavedova is getting his own shoe this year. He's signed a new deal with Chinese sportswear brand PEAK, which announced the partnership on its website here.

The deal, which runs for three years, will give Dellavedova his first-ever signature model, a low-cut design called the Delly 1 that's set to launch in Australia later this year.

According to the Cavs guard, this deal has been in the works for a couple of years now.

"PEAK Australia approached me nearly two years ago with the idea of introducing a basketball shoe into the Australian market" Dellavedova said. "From there, talks became more serious in the past year and PEAK worked hard on developing a shoe that offers the type of reliability and performance that drives me every day. It's pretty special. I can't wait to unveil them for the first time later this year."

The brand says it plans to produce apparel, as well as running and casual shoes for his line.

Dellavedova was previously signed to Nike.

Watch Delly announce his signing with PEAK below.