LeBron James Signs Multi-Year Contract Extension With Cavaliers

CLEVELAND, July 18 – Cleveland Cavaliers forward LeBron James has signed a multi-year contract extension with the team, General Manager Danny Ferry announced today. The contract was signed in Las Vegas, NV today where James is preparing to train with the USA Basketball Men’s Senior National Team. Per the NBA’s Collective Bargaining Agreement, terms of the deal were not disclosed.

During the 2005-06 season, James was an All-NBA First-Team selection and finished second in league MVP voting. He became just the fourth player in NBA history to average at least 31.0 points, 7.0 rebounds and 6.0 assists for an entire season (31.4 points, 7.0 rebounds and 6.6 assists). James ranked third in the league in scoring, 12th in assists per game and 15th in steals per game (1.56). He recorded five triple-doubles during the season and scored 30 or more points in 49 games. He led the Cavaliers to a 50-32 record during the regular season and then to the Eastern Conference Semifinals. In the first-round playoff series against Washington, James averaged 35.7 points, 7.5 rebounds and 5.7 assists per game. In his first career playoff game, James posted 32 points, 11 rebounds and 11 assists to become just the third player in NBA history to post a triple-double in his playoff debut. In 13 playoff games, James averaged 30.8 points, 8.1 rebounds and 5.8 assists per game.
Since he became a member of the Cavaliers on July 3, 2003, James has been selected as a two-time NBA All-Star, the MVP of the 2006 NBA All-Star Game, a two-time All-NBA Selection (First Team in 2005-06 and Second Team in 2004-05), NBA Rookie of the Year (2003-04), an eight-time winner of the Eastern Conference Player of the Week Award, a four-time Eastern Conference NBA Player of the Month, a member of the 2004 USA Olympic Team and the 2006 USA Basketball Men’s Senior National Team.
He currently holds single-season team records for points scored (2,478), scoring average (31.4), field goals made (875), field goals attempted (1,823), free throws made (601), free throws attempted (814) and minutes played (3,388) while owning the team record in points scored in a game (56 at Toronto on March 20, 2005). In franchise history, James ranks first in scoring average (26.5) and 10th in total points scored (6,307).
James was selected by the Cavaliers with the first overall pick in the 2003 NBA Draft. In 238 career games (all starts), James is averaging 26.5 points, 6.6 rebounds and 6.6 assists