LeBron Will Re-Sign With Cavaliers: Two-Year Deal, With Player Option, Reports ESPN
Rick Chandler 01:43 pm, July 09th, 2015
According to ESPN, LeBron James will give Cleveland at least one more season. He's informed the team that he will sign a 2-year, $46.97 million deal, with the second year being a player option. That's the max cap, or LeBron surely would have signed for more -- in excess of $50 million.
But don't cry for LeBron -- he's set to make a lot more in year two of his deal. The salary cap is set to move from $70 million this year to $89 million in 2016-17. So by re-entering free agency in 2016-17, LeBron can sign a new long-term max deal for about $30 million more. By signing a series of one-year deals, LeBron retains ultimate control, and can make millions more.
Kevin Love has already signed a five-year deal with the Cavs.
And the narrative was that LeBron wouldn't sign until Tristan Thompson did. But everybody seems to be wrong about the Cavs at every turn this offseason.
So are we ready to call a San Antonio vs. Cleveland NBA Finals next season? That's the way it's shaking out so far. (Although Charles Barkley still likes Oklahoma City).