LeBron James Just Hit the Cavs With Some Major News

LeBron James Just Hit the Cavs With Some Major News

Here are the details from a new report.

Published July 18th

The King's throne is going to stay planted in The Land.

As he vowed during the Cleveland Cavaliers celebratory championship parade last month, LeBron James has reportedly informed the team that he will re-sign with the defending championship organization this summer, according to ESPN.

ESPN adds that although King James hasn't set a timetable for inking an extension that he can sign up to $27.5 million for the 2016-17 season on a one-year deal. Or LeBron can sign a multi-year contract extension, making him the NBA's highest-paid player, beginning at $30.8 million next season.

Whatever transpires, LeBron earned it after leading the Cavs to an NBA Finals' victory over the Golden State Warriors, becoming the first team in Finals history to rally from a 3-1 deficit to win the championship.

Over the series, King James averaged a ridiculous 29.7 points, 11.3 rebounds, 8.9 assists and 2.3 blocks to be named Finals MVP.

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Written by Mark Lelinwalla

(Photo: Ronald Martinez/Getty Images)

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