LeBron James Agrees to Three-Year, $100M Contract with Cleveland Cavaliers

USA TODAY Sports
USA TODAY Sports

LeBron James has agreed to a three-year, $100M deal with the Cleveland Cavaliers, according to multiple reports.

CLEVELAND– LeBron James was expected to re-sign with the Cleveland Cavaliers after winning the team’s first championship.

The reported contract to which James has agreed, however, may be a bit longer than expected.

James announced that he will re-sign with the Cavaliers on Bleacher Report’s “Uninterrupted” and, according to multiple reports, that contract will be worth $100M over three years, featuring a player option for the final season.

The three-year, $100M deal would make him the highest-paid player in the NBA for the first time in his career and will place him in the company of Michael Jordan and Kobe Bryant as the only players in NBA history to make over $30M a year.

After announcing that he would re-sign with the Cavaliers, James conveyed his excitement at getting the team back together in Cleveland after a magical season.

“I just want to let y’all know I’m re-signing back with the Cleveland Cavaliers, my hometown team,” James said. “I can’t be more excited than this opportunity once again, man, to defend our crown, defend our title. We all know last year as a magical, inspiring– all the words you can come up with– it was an unbelievable season. I just  can’t wait to get the group back together– the team, the franchise, more importantly, get everybody together, the fans. Without you guys, without your passion and commitment, we wouldn’t have been able to do what we did this past season. I’m ecstatic. I can’t wait to see my guys. I can’t wait to get back out there in the wine and gold and just get the band back together.”

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SOURCE: Wine and Gold Report – Hayden Grove