Report: LeBron James’ Agent Confirms He’s Re-Signing with Cleveland Cavaliers

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Confirming what had been reported on the day of the Cleveland Cavaliers’ June 22 victory parade, LeBron James’ agent, Rich Paul, has indicated to other teams that James will be staying with the Cavaliers for the 2016-17 season.

On the day of the parade, James was quoted as saying that he wouldn’t be leaving. However, no official confirmation was made and James then officially opted out of his two-year deal on June 29.

Early Tuesday afternoon, ESPN’s Marc Stein tweeted that other teams were continuing to contact Paul about James’ availability:

James is technically an unrestricted free agent after having made $22.97 million during the 2015-16 season. He’s currently in line to make $30.8 million for the upcoming campaign when he re-signs with the Cavaliers.

Due to continued increases in the NBA’s salary cap over the next few years, James will continue to receive pay increases. He’s likely to make $35 million during the 2017-18 season and could break the $40 million-per-year barrier in 2019-20, a season during which he’ll turn 35 years old.

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Brad Sullivan is a lead writer for Cavaliers Nation. He has spent much of life in the Cleveland, Ohio area, and has remained a Cavalier fan from their 1970 beginnings through the return of LeBron James. While that fandom was sorely tested during the Reign of Error known simply by one word, Stepien, that overall historical perspective will be part of his writing for Cavaliers Nation in the months ahead.