LeBron James / Cavaliers

August 2, 2016

LeBron James has informed the Cleveland Cavaliers that he intends to resign with the team. The team doesn't have any idea when James attempts to sign a new deal. James and Cleveland have two options. Option number one signs a two year deal with a opt out clause after first year, which would next the Cavs star player $27.5 million dollars for the 2016-17. This will also save the Cavs money because they are $54 million deep in luxury tax. Option number two, sign a four max extension with a starting salary of $31 million. James could chose option one and sign a max deal next summer. The salary cap will be over $100 million per team next summer do to the new tv deal that went into effect this July. By the number if James signs a max deal next summer, starting salary would be $33.5 in 2017 and will reach $43 million in the last year of deal. Which would be worth a whopping five year $220 million dollar bill. This could make James the highest paid player in the league. Stay tuned for more updates...

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