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LeBron James signs three-year Cleveland Cavaliers deal

LeBron James signs a new three-year deal with the Cleveland Cavaliers worth a reported $100m.

LeBron James has re-signed with the Cleveland Cavaliers, committing to a three-year deal worth a reported $100m (£77m).

The 31-year-old - a three-time NBA champion - will be paid $31m in the first year of the contract, a figure that will rise to over $33m in 2017-18, officially making him the highest-paid player in NBA history.

Since rejoining the Cavs from the Miami Heat in 2014, James has been working to one-year contracts but opted for a longer deal after winning a maiden title with the team last season.

"I just want to let y'all know I'm re-signing back with the Cleveland Cavaliers, my hometown team," James said in a video on the Sports Interrupted website.

"I can't be more excited than this opportunity once again, man, to defend our crown, defend our title. We all know last year as a magical, inspiring - all the words you can come up with - it was an unbelievable season.

"I just can't wait to get the group back together - the team, the franchise, more importantly, get everybody together, the fans. Without you guys, without your passion and commitment, we wouldn't have been able to do what we did this past season. I'm ecstatic."

James is also a four-time NBA MVP winner and a two-time Olympic gold medallist.

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LeBron James of the Cleveland Cavaliers shoots the ball against the Golden State Warriors on June 19, 2016
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Today's Olympic highlights header

Saturday's key events


ROWING
· Two-time Olympic gold medallist and comeback queen Helen Glover teams up with Polly Swan in the heats of the women's pair (12.30am-4.30am)

ARTISTIC GYMNASTICS
· Two-time Rio gold medallist Max Whitlock leads Team GB's charge in the men's qualification, while Rhys McClenaghan flies the flag for Ireland (2am-2pm)

SHOOTING
· The first gold medal of the Games will be awarded in the Air Rifle women's final (from 2.45am)

CYCLING
· The men's road race should be a wide-open thriller, with Team GB among those going for gold (3am-10am)

TENNIS
· Andy Murray, Novak Djokovic and Naomi Osaka are among the names in action on the opening day of tennis (from 3am)

SWIMMING
· Adam Peaty and many others get their Olympics campaigns underway on the opening day of swimming (11am-12.50pm)

FOOTBALL
· Team GB's women try to make it two wins from two against hosts Japan (11.30am)
· Netherlands and Brazil, who scored 15 goals between them on matchday one, face off (12pm)
· World champions USA look to bounce back from a shock opening defeat against New Zealand (12.30pm)

> Today's schedule in full
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