Committed: LeBron James signs new contract with Cleveland Cavaliers

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

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.

More Cleveland Cavaliers stories here

Google Map for coordinates 41.496577 by -81.688076.

Quicken Loans Arena

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.