LeBron James signs 2-year contract
Miami Heat forward LeBron James. AP
CLEVELAND — A person familiar with the negotiations says LeBron James has signed a two-year, $42.1 million contract with the Cavaliers.
The contract includes an option for James to become a free agent next summer, but it is strictly “a business deal,” according to the person who spoke to The Associated Press on Saturday on condition of anonymity because the team has not commented about the agreement.
Article continues after this advertisementJames announced he was returning to the Cavaliers on Friday, picking Cleveland over Miami and reversing the decision he made four years ago to sign as a free agent with the Heat.
In an essay in Sports Illustrated, James indicated he will finish his career in Cleveland.
ESPN.com first reported the deal for James.
Article continues after this advertisementThe four-time MVP is in Brazil to watch Sunday’s World Cup final.
RELATED STORIES
LeBron James says he’s returning to Cavaliers
LeBron James inspires, amazes fans in Manila
