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As expected LeBron James has signed a new deal with the Cavs. With Kevin Love returning and the addition of Mo Williams, the Cavs are looking like the heavy favorite to win the Eastern Conference again.
James new deal is worth two-years and $47 million, with the second year being a player option. This marks the first time since 2006 that LeBron re-signs with his team.
Agent Rich Paul tells Cavs today LeBron will sign 2 yr deal with player option for 2nd year. $22.97 million 1st season, $24 mill 2nd year
— Chris Broussard (@Chris_Broussard) July 9, 2015
LeBron James had agreed to re-sign with the Cavs for one-year at $23 million plus a player option, sources told ESPN
— Brian Windhorst (@WindhorstESPN) July 9, 2015