Tristan Thompson must have a deal in place, but King James is set to return to the Cavaliers, on a one-year, $23 million deal.
LeBron James had agreed to re-sign with the Cavs for one-year at $23 million plus a player option, sources told ESPN
— Brian Windhorst (@WindhorstESPN) July 9, 2015
The deal is worth the maximum of $46.9 million for LeBron to return to the Cavs, with the second year of the deal to be a player option.
James is expect to opt out again, when the new television money is set to kick in.