Source: James stays with Cavaliers
CLEVELAND — There was no need for a heartfelt letter this summer. LeBron James isn’t going anywhere. This decision was easy. Just shy of the one-year anniversary of his celebrated homecoming, James agreed to terms on a two-year, $47 million contract, two people familiar with the negotiations told the Associated Press on Thursday. The deal includes a $24 million player option for 2016-17, said the people who spoke on condition of anonymity because James has not yet signed the contract.