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LeBron James will earn US$23 million next season. Photo: AP

LeBron James staying in Cleveland as he signs new deal

Team determined to surround superstar with talent for another title challenge

LeBron James
APSPT

LeBron James has ended speculation about his future after agreeing a two-year deal which will see him remain with the Cleveland Cavaliers next season, multiple reports said Thursday.

The NBA superstar has reportedly agreed a contract worth nearly US$50 million after opting out of a two-year deal on June 29 to reach free agency.

The Cleveland Plain Dealer said that the deal comprised a US$23 million contract for next season followed by a US$24.7 million option for the 2016-2017 season.

James’s opt-out decision was widely interpreted as a gambit designed to ensure the Cavaliers sign more top talent for next season after losing this year’s NBA finals.

Earlier this week point guard Mo Williams said he had agreed a deal with the Cavs which would see him reunite with James.

Williams played with James for two seasons between 2008-2010.

The Cavs have also handed lucrative contracts to forward Kevin Love and point guard Kyrie Irving, further enticing James to stay.

Cleveland are also close to agreeing a new deal with restricted free agent Tristan Thompson, who shares an agent with James, according to reports.

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