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LeBron James renews contract with Cavaliers in a $100 million 3-year deal

By Maureen Blas | Aug 13, 2016 06:03 AM EDT
NBA player LeBron James accepts the Best Male Athlete award onstage during the 2016 ESPYS at Microsoft Theater on July 13, 2016 in Los Angeles, California.
(Photo : Getty Images/Kevin Winter) NBA player LeBron James accepts the Best Male Athlete award onstage during the 2016 ESPYS at Microsoft Theater on July 13, 2016 in Los Angeles, California.

LeBron James will stay with Cavaliers on a deal of three years and will get paid $100 million. He will be the highest paid basketball player to date. "The Best Male Athlete" awardee announced his plan through Twitter on Thursday.

James, 31, had been anticipated to take the same one-year contract he signed for the two prior seasons since his retaliation to Cleveland. In spite of that, he manifested to stay with the team longer to acquire more championships, as reported by CBC.

"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 in a posting on the athletes' web platform Uninterrupted.

Three-time champion James' new deal for three years amounted to $100 million. His salary in 2017 to 2018 amounting to $33 million is so far considered the highest for a single season in the league history. It does make sense since he was able to deliver his promise to bagging the championship for the Cleveland Cavaliers, according to CBS Sports Digital.

James, whose real name is LeBron Raymone James started his NBA career when Cleveland Cavaliers chose him in the 2003 NBA draft.  Season 2004 to 2005 earned him his initial NBA All-Star Game picking where his contribution added to the winning effort in the Eastern conference. He got the title "NBA All-Star Game Most Valuable Player" in 2006 after leading East to success with his 29-point contribution.

The Cleveland Cavaliers brought home the championship after defeating California's Golden State Warriors in June. That is two years since James departed Miami Heat and returned to Cleveland.

For now, all James wanted was to repose and recharge after the matter-of-life-and-death championship. He also skipped the Rio Olympics to get a better rest and enjoy more quality time with the family.

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