James tells Cavs he will re-sign
LeBron James, who has made it clear he does not intend to leave the Cleveland Cavaliers despite opting out of his contract, informed the NBA champions he will re-sign sometime this summer.
James, fresh off guiding the Cavaliers to their first NBA title, turned down a US$24 million ($32.5m) salary for the 2016-17 season on the June 29 deadline.
He is currently travelling and spending time with his family, but will eventually meet with agent Rich Paul and go over his contract options.
James can sign for up to US$27.5m for next season on a one-year contract or sign a multi-year deal that could make him the league's highest-paid player at US$30.8m for 2016-17.
He is one of several members of the Cavs from last season's championship team who remain unsigned, including JR Smith and head coach Tyronn Lue. - Reuters.