As expected, Lebron James has signed a two-year deal worth $47m with a second year player option with Cleveland Cavaliers, giving him a chance to yet again opt out.
“LeBron’s re-signing is a reflection and continuation of his strong personal commitment to help deliver championships to Northeast Ohio and Cavs fans everywhere,” said the Cavaliers General manager David Griffin. “His impact upon this team, his community and the game are impossible to overstate and we look forward to continuing on our mission together.”
James informed the Cavs on Thursday that he was ready to sign followed by announcement of signing the deal on Friday—a pretty much done deal even after he opted out.
His latest opt out was just a strategic move allowing him to ink a more profitable deal for the upcoming season. And because he is Lebron James, a player who can bring a lottery team to the NBA Finals, he has the opportunity to sign one or two year deals that give him a chance to maximize the amount of money he can earn with the NBA salary cap set to reach $90m for the 2016-2017 season.