Tags: BKN | Cavaliers | LeBrons Deal

LeBron James Has Agreed to $100 Million, 3-Year Deal with Cavs

LeBron James Has Agreed to $100 Million, 3-Year Deal with Cavs

Thursday, 11 August 2016 08:49 PM

LeBron James is going to hang around home for a while.

Fresh off leading Cleveland to an NBA title, the first for one of the city's three professional sports teams in 52 years, James agreed Thursday to a three-year, $100 million contract with the Cavaliers, a person familiar with the contract told the Associated Press.

James, who said earlier this summer he intended to re-sign with Cleveland, will soon sign the deal, said the person who spoke to the AP on condition of anonymity because some details of the deal need to be finalized.

ESPN.com first reported the financial terms of James' new deal.

The 31-year-old James had been expected to accept the same one-year deal he signed in each of his two previous seasons since returning to Cleveland. However, he's decided to stay longer to try and win more championships.

"I'm re-signing back with the Cleveland Cavaliers, man, my hometown team, and I couldn't be more excited with this opportunity once again man, to defend our crown, defend our title," James said in a posting on Uninterrupted. "We all know last year was magical, inspiring, all the words you can come up with man. It was an unbelievable season.

"I just can't wait to get the group back together man, the team, the franchise, and more importantly get everybody together."

The three-time champion also used the opportunity to push the Cavs to re-sign free agent J.R. Smith, a good friend who is also represented by James' agent, Rich Paul.

"Let's get J.R. done," James said, laughing. "It's that time."

James wanted to rest and recharge after the finals and skipped playing in the Rio Olympics. He won gold medals in Beijing and London. On Wednesday, Carmelo Anthony surpassed him as the leading scorer in U.S. history.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Newsfront
LeBron James is going to hang around home for a while.Fresh off leading Cleveland to an NBA title, the first for one of the city's three professional sports teams in 52 years, James agreed Thursday to a three-year, $100 million contract with the Cavaliers, a person familiar...
BKN, Cavaliers, LeBrons Deal
297
2016-49-11
Thursday, 11 August 2016 08:49 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved