Everything has come up wine and gold this Summer in the NBA which continued today as the King is officially back in the fold at the Q. The Cavs confirming their multi-year contract with LeBron James, reported to be for 3 years and $100 million early Friday afternoon.
“(LeBron’s) leadership, passion and tireless commitment are the hallmarks of our success and have inspired our entire franchise,” Cavs General Manager David Griffin said in the contract announcement. “His connection and dedication to his community and this fan base are absolute.”
James had started his second run with the Cavaliers with two consecutive one year deals, so the longer term arrangement was a slight surprise. This new deal is believed to have an opt-out clause after the second year.
With James under contract the Cavs entire core of Kyrie Irving, Kevin Love, Tristan Thompson and LeBron are all signed through at least the 2017-18 season. That bodes well for a team coming off winning its first NBA championship in team history and looking for more gold.
“We are very fortunate to have a championship group together,” said Griffin. “One that has grown organically to trust, and sacrifice for one another – on and off the floor. At the core of that group is LeBron.”
With their core locked up, there is just one man left to be paid in Cleveland, shooting guard J.R. Smith. While there have been few updates this summer on the status of talks, Smith is believed to be looking for a contract worth $15 million annually.