Update: LeBron James Just Made His Historic Contract With the Cavs Official

Update: LeBron James Just Made His Historic Contract With the Cavs Official

Major stacks on deck.

Published August 12th

The ink's dry.

After it was reported Thursday afternoon that LeBron James would be re-signing with the Cleveland Cavaliers on a three-year, $100 million contract extension, the three-time NBA champion made it official Friday.

That's when King James took to his Instagram account to show the inking of his new deal that will keep him in The Land.

Committed!! @cavs @klutchsports #TheLand #StriveForGreatness

A photo posted by LeBron James (@kingjames) on

Man of his word.

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Previously: Back the Brink's truck up — LeBron James is about to get paid.

After leading the Cleveland Cavaliers back from a 3-1 deficit to defeat the Golden State Warriors in the NBA Finals, King James has agreed to a three-year, $100 million contract extension with the Cavs, ESPN is reporting.

He spoke about his excitement staying in The Land via Uninterrupted on Thursday afternoon.

Although Stephen Curry was named the league's MVP for the second straight season earlier this year, LeBron left no doubt that he's the best player on the planet.

King James, 31, averaged a ridiculous 29.7 points, 11.3 rebounds and 8.9 assists per game over the Finals to be named Finals MVP, leading the Cavs to an NBA title victory — his third championship ring.

According to ESPN, James will make $31 million during the first year of the deal, making him the highest-paid player in the league for the first time in his legendary career.

Well deserved.

BET Sports News — Get the latest news and information about African-Americans in sports, including weekly recaps, celebrity news and photos of your favorite Black athletes.

Written by Mark Lelinwalla

(Photo: Jason Miller/Getty Images)

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