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LeBron signs 2-year contract with Cavaliers

FILE - In this June 7, 2015, file photo, Cleveland Cavaliers forward LeBron James smiles during a news conference after Game 2 of basketball's NBA Finals in Oakland, Calif. 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. (AP Photo/Ben Margot, File)
FILE - In this June 7, 2015, file photo, Cleveland Cavaliers forward LeBron James smiles during a news conference after Game 2 of basketball's NBA Finals in Oakland, Calif. 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. (AP Photo/Ben Margot, File) FILE - In this June 7, 2015, file photo, Cleveland Cavaliers forward LeBron James smiles during a news conference after Game 2 of basketball's NBA Finals in Oakland, Calif. 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. (AP Photo/Ben Margot, File)

By Associated Press 1 min read

CLEVELAND (AP) – LeBron James has signed his two-year contract with the Cavaliers, a team he brought back from despair to the NBA Finals in one season.

James agreed to the $47 million deal, which includes a player option for the 2016-17 season, on Thursday and he finalized the agreement on Friday shortly before hosting a private screening for a new movie in which he has a supporting role.

James’ signing comes a day before the one-year anniversary of his return to Cleveland after spending four seasons in Miami.

The 30-year-old has indicated he will play the remainder of his career with the Cavs, who went from being a lottery team to Eastern Conference champions in James’ first season back.

Cavs general manager David Griffin says James’ re-signing is “a reflection and continuation of his strong, personal commitment to help deliver championships to Northeast Ohio and Cavs fans everywhere.”