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LeBron James announces he will sign new mega deal in Cleveland

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Posted at 5:47 PM, Aug 11, 2016
and last updated 2016-08-11 17:55:16-04

CLEVELAND, Ohio – After coming home, defending NBA champion LeBron James is staying home. The four-time NBA MVP will re-sign with the Cleveland Cavaliers, he announced Thursday in a video for Uninterrupted.

James agreed to a new, three-year $100 million deal, according to ESPN NBA reporter Brian Windhorst. That makes the three-time world champion the highest paid player in the NBA. His salary for 2017-2018 will be the highest single-season salary in league history, Windhorst reported.

LeBron James in 2016 NBA Finals. (Photo: Ezra Shaw/Getty Images)

LeBron James in 2016 NBA Finals. (Photo: Ezra Shaw/Getty Images)

“Just want to let ya’ll know, man, I’m re-signing back with the Cleveland Cavaliers,” James said. “My hometown team. I can’t be more excited. This opportunity to defend our crown.”

LeBron called last season magical, inspiring and unbelievable.

“I’m ecstatic. I can’t wait to see my guys. I can’t wait to get back out there,” James said in the video.