Lebron Signs Extension

Lebron James is going to be a Cav for at least 4 more seasons.  The stud guard/forward signed a three-year contract extension worth about $60 million Tuesday.  He signed the contract in Las Vegas while he was there preparing to train with the world championships.  Lebron will now be with the Cavs through the 09-10 season, and it includes a player option for a 4th year.  "We did extensive research and with the way the CBA is set up, it makes the most business sense to sign this extension and then look at another new contract in four years," James said last week.  The contract will go in effect after the 2006-07 season. Lebron earns just $5.8 million next season while finishing off the last year of his rookie contract.

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