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Cavs announce signings of LeBron James, Mo Williams

LAS VEGAS: LeBron James and Mo Williams are officially teammates again. Both signed new deals with the Cavs on Friday, giving them 10 players under contract for next season.

Terms were not disclosed, but a source with knowledge of the situation said James signed a two-year deal (player option on the second year) worth about $23 million this season. Williams signed a two-year, $4.3 million deal that also includes a player option for the second year.

“LeBron’s re-signing today is a reflection and continuation of his strong, personal commitment to help deliver championships to Northeast Ohio and Cavs fans everywhere,” general manager David Griffin said in a release.