LeBron James will re-sign with the Cleveland Cavaliers on a three-year, $100 million maximum contract, league sources said, and the three-time NBA champion also pressured the Cavs to finalize a deal to keep free agent J.R. Smith.
That's more than $33 million a year, fellas. Does that make him the highest paid player now? If so, he richly deserves it and more.
He deserve that pay, he had already proven that he can take his team to the finals and even with the finals. I think if the cavaliers can give more than that then the better so lebron will definitely not leave cleveland.
And not just Lebron James proved it, he able to surpass the hardest trial in the NBA finals. No team have won by down in a 3-1 in NBA finals. With his performance, his teammate also build some determination that's why all CAVS deserved this year NBA title.
Nice move by the management, unlike on the Miami Heat's situation.
Since returning to the Cleveland Cavaliers, LeBron James has been signing one-year contracts with the team (often with a player option for the second year).
This does two things. First, it keeps pressure on the Cavaliers to keep improving the team, knowing James can leave each summer.
However, it also earns LeBron a ton more money.
When LeBron re-joined the Cavaliers in 2014, the Cavs didn't yet own his Bird Rights, which means his year-over-year raises in a contract were 4.5% and he could only sign four-year contracts. After three years, the Cavs can re-gain his Bird Rights, allowing LeBron to sign a five-year deal with 7.5% raises each season.