Any Cavs fans out there unaware of the salary cap situation and the new television deal — you should read this before reacting.
LeBron James is going to opt out of his contract at season’s end.
James would earn over $21 million next season, But if he declines his player option and signs another one-year deal (with an option for 2016-17), he can make roughly $23 million next season because of an increase in the salary cap.
Expect James to sign another two-year deal next summer — to only opt out of it again the following summer — when the NBA’s new monster TV deal kicks in.
The max contract that James signs at that point will allow him to make up to 35 percent of the team’s basketball-related revenue.
Business Insider, estimates that James stands to earn $43.5 million more on a four-year deal signed in 2016 over one signed this past summer.
So again Cavs fans — relax — sit back and enjoy the ride.