LeBron James appears to be heading back to the Cleveland Cavaliers.
James opted out of his contract with the Cavaliers last month but is poised
to sign a new two-year deal with Cleveland with an option to opt out
again after next season, according to ESPN.
Four-time NBA MVP James' deal is reportedly valued at $22.97 million
in the first year - a raise of over $1m from the contract he opted out of.
James will net $24m should he choose to opt in for the second year.
The NBA salary cap for 2015-16 was set $70 million, but an influx of TV
money puts the 2016-17 salary cap at an estimate of $89 million.
That means James can take a substantially larger maximum salary. And,
with the cap expected to reach about $108 million for 2017-18, it seems
likely he will continue to opt out of the second year of each deal he signs.
In addition to James, the Cavaliers also confirmed they have re-signed
guard Iman Shumpert, terms of deal were not released.
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