LeBron James is set to sign a two-year deal to return at the Cleveland Cavaliers.
According to ESPN.com, the deal is worth a maximum-salary of $46.9 million and the second year of the contract is a player option, that allows him to opt out and re-enter free agency in 2016-17 season.
James, who is on a vacation, didn’t talk to any other team after entering free-agency as he intended to re-sign with the Cleveland Cavaliers.
The deal fulfills James’ aspiration of taking advantage of the increasing salary cap and keep year-to-year flexibility.
For the first time since 2006, James will re-sign with a team. In his previous two stints as free-agent, James changed colors, going to Miami in 2010, and returning to Cleveland in 14.
James met another All-star Kevin Love to discuss plans for the upcoming seasons before free agency started.
Love too, has confirmed to stay at Cavs for a deal worth $113 million, five year. James also played a key role in the return of power forward Tristan Thompson in Cleveland.
The Cavs also announced they have re-signed guard Iman Shumpert, who earlier confirmed that he’s going to stay at Cleveland on a $4o million, 4-year contract. (Read: NBA salary cap leads to $70M limit for 15-16)
On the first day when the clubs could sign players, 30-year-old James made his intentions clear that he’s going to return at Cavs, a team he lifted to the status of Eastern Conference champions from a mere lottery side.
With few more experienced names in the roster, the Cavs are once more expected to be in the title chase.