LOS ANGELES (AFP) - LeBron James has agreed to a three-year contract with the Cleveland Cavaliers, which will likely make him the highest paid player in the National Basketball Association.
“I just want to let you all know I’m re-signing back with the Cleveland Cavaliers, my hometown team,” James said on his multi-media website Uninterrupted.
“I can’t be more excited than this opportunity once again, man, to defend our crown, defend our title... just get the band back together.”
James, a three-time NBA champion, did not release details of the contract but US sports broadcaster ESPN reported that it was worth $100 million and would pay him $31 million in the first year and $33 million in the second, making him the league’s highest-paid player for the first time in his career.
James has signed a pair of one-year deals with the Cavaliers over the past few years. He chose to go with a longer term deal in Cleveland, his hometown, because of the Cavs’ success.