CLEVELAND -- Two people familiar with the negotiations say LeBron James has agreed to a one-year, $23 million contract with the Cavaliers for next season. The deal includes a player option for 2016-17.
The people spoke to The Associated Press on condition of anonymity Thursday because the contract has not been signed. James has informed the team he will return.
The agreement is not a surprise since James has said he intends to finish his career with Cleveland. He re-signed as a free agent with the Cavaliers last summer after four years in Miami. While in Miami, James won two titles and two MVP awards.
James averaged 25.3 points, 7.4 assists and 6.0 rebounds in 69 games in his first season back in Cleveland.
The 30-year-old James led the Cavs to the NBA Finals in his first season back. Cleveland lost in six games to Golden State. James was forced to carry the load after All-Star point guard Kyrie Irving injured his knee in Game 1. Forward Kevin Love was injured earlier in the postseason and missed the finals.
The Associated Press contributed to this report