LeBron James has agreed to terms on a three-year, $100 million deal to re-sign with the Cleveland Cavaliers, a person with knowledge of the situation confirmed to USA TODAY Sports. The person spoke on the condition of anonymity because the terms of the deal are not announced.
There is a player option on the third year of the deal, according to another person.
James, the four-time MVP who led the Cavs to their first-ever title in Cleveland last season, announced the decision in a video on Uninterrupted, that was produced for his fans.
“I’m re-signing back with the Cleveland Cavaliers, man, my hometown team, and I (couldn’t) be more excited with this opportunity once again man, to defend our crown, defend our title,” James said. “We all know last year was magical, inspiring, all the words you can come up with man. It was an unbelievable season. I just can’t wait to get the group back together man, the team, the franchise, and more importantly get everybody together.”
James didn’t miss an opportunity to send a message to Cavs owner Dan Gilbert and general manager David Griffin, either, noting at the end of the video how Cleveland has yet to re-sign free agent shooting guard J.R. Smith.
“Let’s get J.R. done – it’s that time,” he said with a laugh.
ESPN first reported the financial terms of James’ deal.