Ira Winderman of SunSentinel.com writes that the Miami Heat signed LeBron James, Dwyane Wade and Chris Bosh to six-year contracts with player options after five years.
Bosh, James and Wade each signed six-year contracts, with option rules allowing an escape after the fifth year.
“What we signed today for is not important,” James said. "What is important is we all sacrificed money.
“We didn’t take the max deals.”
James was able to sign a six-year deal rather than a five-year deal because the Cavaliers agreed to participate in a sign-and-trade with the Heat.
ESPN's Chad Ford reports that James's deal is worth $110 million.