Committed: LeBron James signs new contract with Cleveland Cavaliers

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CLEVELAND– LeBron James signed a new contract with the Cleveland Cavaliers on Friday.

The three-time NBA champion and 12-time All-Star posted a photo on Instagram of himself signing the deal with the caption, “Committed!!”

The Cavs have not announced James’ re-signing. The NBA prohibits teams from releasing contract terms, but ESPN’s Brian Windhorst reported the deal is worth $100 million over three years. For the first time in his career, LeBron is the highest paid player in the league.

“I’m ecstatic. I can’t wait to see my guys. I can’t wait to get back out there,” James said in a video for Uninterrupted on Thursday.

Last season, the NBA Finals MVP averaged 25.3 points, 7.4 rebounds and 6.8 assists a game.

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