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August 9, 2009

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LeBron to keep future options open

Source: Agencies | August 9, 2009, Sunday | Print Edition

LEBRON James indicated on Friday that he is unlikely to accept a contract extension from the Cleveland Cavaliers until after the 2009-10 season and presumably will become a free agent.

At an event in his hometown Akron, Ohio, to unveil Nike Air Max LeBron VII, the latest sneaker in his signature line, James made his strongest comments yet about his future. The National Basketball Association's reigning MVP said he signed a three-year contract in 2006 to give him more options once it expires.

"I signed a contract in 2006 with an option, and it would make no sense for me to sign that contract if I didn't keep my options open," he said. "I'll let you fill in the blanks."

The Cavaliers offered James a contract extension on July 18, the three-year anniversary of the signing of his current contract. The team could offer the extension -- at the highest salary allowed -- of up to three years. James can sign the extension offer anytime before June 30, 2010.

James, who will make US$15.7 million next season, also has an option in his current contract that can extend his deal through the 2010-11 season.

However, it appears for now that James does not intend to sign the extension or pick up his one-year option for US$17.1 million anytime soon.

The 24-year-old superstar said his agent, Leon Rose, and Cavaliers General Manager Danny Ferry have had "a great conversation."

But James remained noncommittal about his plans beyond the upcoming season, one he hopes ends with the Cavs, who acquired All-Star center Shaquille O'Neal shortly after their season ended, winning their first NBA title.
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