AP sources: James, Cavaliers agree to 2-year contract (Yahoo Sports)

Just shy of the one-year anniversary of his celebrated homecoming, James agreed to terms on a two-year, $47 million contract for next season, 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. James is hosting a VIP screening for family and friends in Akron on Friday, where he’ll walk the red carpet with the other stars of ”Trainwreck,” an R-rated movie he filmed last summer shortly after announcing …read more

Via: http://us.rd.yahoo.com/sports/rss/top/SIG=130u55ehg/*http%3A//sports.yahoo.com/news/ap-sources-james-cavaliers-agree-2-contract-181933238–nba.html