Here’s how Tom Withers of The Associated Press reports it:
The Cavaliers offered James a contract extension on July 18. James, who can become a free agent after next season, also holds a one-year player option he can exercise anytime before June 30, 2010.
He has options, and he’ll use them. The Cavaliers will always be able to offer James more money than other teams, but his endorsement deals minimize that as an advantage for Cleveland.
Over the past few years, owner Dan Gilbert has invested millions to keep his icon happy. The team built a dazzling practice facility near his house, and this summer Cleveland added O’Neal, free agents Anthony Parker, Leon Powe and Jamario Moon and re-signed Anderson Varejao.
James has more reasons to stay than ever. He holds all the cards. He’s not showing them.
“I’m excited about the upcoming season and I have never given any indication that I’m leaving Cleveland,” he said. “I’ve been happy with what the franchise has done for me and my family. It’s been great. Hopefully everything goes right and hopefully I can sign a big contract to stay in Cleveland.”
Might he sign a smaller one to stay?
“That’s possible,” he said. “We’ll see.”
