LeBron James Signs Two-Year Contract With Cavaliers

 Cleveland Cavaliers Media Day

LeBron James is getting paid BIG money — again!

Fresh from signing a two-year contract with the Cleveland Cavaliers for $42 million in comparison to a four-year deal worth $94.5 million, LeBron is already in line to haul a massive deal as a free agent when the league’s new TV deal begins in 2016.

NBA signed the TV deal reportedly worth more than $2.5 billion annually (a 186% increase from the previous deal), which means the four-time Most Valuable Player and his fellow teammates could see an explosion in salaries with the entitlement to roughly half of all basketball-related revenue made by the league.

James, who will be a free agent in the summer of 2016, could be eligible for a five-year deal worth $190 million.

Under NBA rules, a free agent who leaves his team to sign elsewhere (like LeBron this summer) gets 4.5% annual raises. But a player who has been with his team for at least two years and re-signs there can get 7.5% annual raises. LeBron will qualify for that 7.5% annual raise in two years under what’s called the Early Bird exception, according to Business Insider.

As long as LeBron stays healthy, signing this two-year deal may have very well earned him an extra $43 million in the long-term.

(Photo by Jason Miller/Getty Images)