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LeBron James agrees to three-year $100 million deal with Cavs

LeBron James' new contract with the Cleveland Cavaliers will hit nine figures.Multiple media outlets reported Thursday that James agreed to a three-year, $100 million deal with the NBA champion Cavs.The new contract will make James the highest-pa...

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Cleveland Cavaliers forward Lebron James celebrates with the crowd during a parade to celebrate winning the 2016 NBA Championship in downtown Cleveland, Ohio. (REUTERS/Aaron Josefczyk)

LeBron James’ new contract with the Cleveland Cavaliers will hit nine figures.
Multiple media outlets reported Thursday that James agreed to a three-year, $100 million deal with the NBA champion Cavs.
The new contract will make James the highest-paid player in the league in 2016-17 at $31 million, according to multiple reports. The superstar forward’s 2017-18 salary will be more than $33 million, which would be a single-season NBA record, ESPN reported. The previous mark was the $33 million that Michael Jordan received in 1997-98 from the Chicago Bulls.
James was a free agent, though he previously assured the Cavaliers that he would return.
James announced on a video posted on his social media site, Uninterrupted, “I just want to let y’all know I’m re-signing back with the Cleveland Cavaliers, my hometown team. I can’t be more excited than this opportunity once again, man, to defend our crown, defend our title. We all know last year was a magical, inspiring - all the words you can come up with - it was an unbelievable season. I just can’t wait to get the group back together - the team, the franchise, more importantly, get everybody together, the fans.
“Without you guys, without your passion and commitment, we wouldn’t have been able to do what we did this past season. I’m ecstatic. I can’t wait to see my guys. I can’t wait to get back out there in the wine and gold and just get the band back together. Lastly, let’s get J.R. (Smith) done. It’s that time.”
Smith, a free agent, started 77 games for the Cavaliers last season.
James is expected to sign the contract next week at a charity event in Sandusky, Ohio, benefiting the LeBron James Family Foundation.

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