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LeBron James Introduces Nike Lebron 12

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CLEVELAND, OH (WOIO) –

 LeBron James and the Cleveland Cavaliers have agreed to a two year contract worth $46.97 million with a player option on the second year per Chris Broussard of ESPN. James will make $22.97 million in the first year and 24 million in the second year in the event the four-time MVP opts in.

James opted out of the final year of his contract on Sunday, June 28. James was due $21.5 million for the 2015-16 season.

James returned to Cleveland last summer after spending four seasons in south beach playing with the Miami Heat, where he won two championships. James signed a two-year deal with the Cavaliers, with a player option in the second year. First the first time ever, James would be the highest paid player on his respected team.

 

READ MORE: 19ActionNews.com

Article Courtesy of WOIO 19 Action News Cleveland

Picture Courtesy of Getty Images

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