LeBron James is returning to the Cavaliers on a three-year, $100 million deal, a league source confirmed to the Beacon Journal. His $31 million salary for this season will make him the league’s highest-paid player for the first time in his career, according to ESPN, which first reported the signing.
James, 31, made it clear on the day of the Cavs’ championship parade he was returning to defend the title. What wasn’t clear until Thursday was the type of contract he would sign. James played on one-year deals during his first two years in Cleveland.
“I can’t be more excited than this opportunity,” James said on an Uninterrupted video released Thursday.