A person familiar with the contract says superstar LeBron James has agreed to a three-year, $100 million contract with the Cleveland Cavaliers.
The person says James, who recently led the Cavs to an NBA title – the first for a Cleveland sport team in 52 years – will soon sign the deal. The person spoke to the Associated Press Thursday on condition of anonymity because some details of the deal need to be finalized.
The 31-year-old James recently indicated he intended to re-sign with Cleveland, but was expected to accept the same one-year deal he signed in each of his two previous seasons since returning to Cleveland.
Article continues below ...
ESPN.com first reported James' new deal.
James announced on Uninterruped he was re-signing with the Cavs, saying last year ''was magical and inspiring.''