LeBron James signs new contract with Cavaliers

Cleveland Cavaliers forward LeBron James (23) and Golden State Warriors guard Stephen Curry (30) collide during the first half of Game 6 of basketball's NBA Finals in Cleveland, Thursday, June 16, 2016. (Tony Dejak/AP)

Cleveland Cavaliers' LeBron James holds up the NBA Championship trophy alongside teammates after arriving in Cleveland, Monday, June 20, 2016. (Tony Dejak/AP)

Cleveland Cavaliers' LeBron James carries The Larry O'Brien NBA Championship Trophy after arriving in Cleveland, Monday, June 20, 2016. (Tony Dejak/AP)

Cleveland Cavaliers' LeBron James raises the NBA Championship trophy after arriving at the airport, Monday, June 20, 2016, in Cleveland. (Tony Dejak/AP)

June 19, 2016; Oakland, CA, USA; Cleveland Cavaliers forward LeBron James (23) moves the ball against Golden State Warriors forward Harrison Barnes (40) in the second half in game seven of the NBA Finals at Oracle Arena. (Cary Edmondson/USA Today Sports)

Cleveland Cavaliers' LeBron James answers questions as he holds his daughter Zhuri during a post-game press conference after Game 7 of basketball's NBA Finals Sunday, June 19, 2016, in Oakland, Calif. Cleveland won 93-89. (Eric Risberg/AP)

Cleveland Cavaliers forward LeBron James, center, celebrates with teammates after Game 7 of basketball's NBA Finals against the Golden State Warriors in Oakland, Calif., Sunday, June 19, 2016. The Cavaliers won 93-89. (Marcio Jose Sanchez/AP)

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By TOM WITHERS THE ASSOCIATED PRESS

August 11, 2016 - 3:36 pm

A person familiar with the contract says superstar LeBron James has agreed to a three-year, $100 million contract with the Cleveland Cavaliers.

The person says James, who recently led the Cavs to an NBA title — the first for a Cleveland sport team in 52 years — will soon sign the deal. The person spoke to the Associated Press Thursday on condition of anonymity because some details of the deal need to be finalized.

The 31-year-old James recently indicated he intended to re-sign with Cleveland, but was expected to accept the same one-year deal he signed in each of his two previous seasons since returning to Cleveland.

ESPN.com first reported James’ new deal.

James announced on Uninterruped he was re-signing with the Cavs, saying last year “was magical and inspiring.”

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