In returning to the Cleveland Cavaliers, LeBron James took a maximum salary. But he did not take a maximum contract length.
James declined the maximum four-year, $88 million deal available to him as a 10-year veteran and instead signed a two-year, $42.1 million contract with the Cavaliers. The deal has an opt-out clause after next season, which means we could have Decision III as early as a year from now.
Does that mean James is hedging his bets on returning home and setting up Cavaliers fans and the state of Ohio for more heartbreak? Not necessarily.
James could opt out after next season and give GM David Griffin the flexibility to add more pieces. The two-year deal expires in 2016, the same time as the NBA”s current TV contract, which is expected to exponentially grow.
In the video below, I discuss the finances and other big-picture issues such as James’ legacy with Alex Witt, the host of MSNBC’s Weekends With Alex Witt.
Click on the box to watch and listen.
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