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James re-signs with the Cavaliers, Wade with Heat

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Cleveland Cavaliers forward LeBron James shakes hands with Golden State Warriors guard Stephen Curry …

(Reuters) - LeBron James, as had been widely expected, affirmed his commitment to try to win a first NBA championship for Cleveland by officially re-signing an unspecified deal, the Cavaliers said on Friday.

Though the club did not disclose contract terms, multiple media reports have said James, twice an NBA champion with the Miami Heat, will return on a one-year deal that holds a player option for 2016-17. The deal would be worth a maximum of $46.9 million over two years.