Believe it or not, never has LeBron James become the highest paid player in all of NBA but that is about to change.
James has agreed to a three-year, $100 million contract with the NBA champion Cleveland Cavaliers, agent Rich Paul told ESPN. The first year of the contract has James’ salary at $31 million, which will make the four-time MVP the highest-paid player for just the first time in his 13-year career.
The salary for the 2017-18 season will top $33 million, making him the highest-paid player in a single season in league history, topping the $33 million Michael Jordan earned with the Chicago Bulls in the 1997-98 season.
— UNINTERRUPTED (@uninterrupted) August 11, 2016
A source told ESPN that James has a player option for the third year.
Over the past two years, James had accepted one-year contracts from the Cavs with player options. After considering his choices, James opted for a longer deal with the Cavs this summer.
“I just want to let y’all know I’m re-signing back with the Cleveland Cavaliers, my hometown team,” James said. “I can’t be more excited than this opportunity once again, man, to defend our crown, defend our title. We all know last year as 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 Cavs shooting guard last season, is a free agent.