James signed a two-year, $42.2 million contract last summer with a trade kicker that would give him an extra sum of money equal to 15 percent of the remaining value of the contract, if the Cavs were to trade him. The trade kicker was established to set James up for an advantage in future contract negotiations.
Vardon suggested that James could make upwards of $23 million next season, which would be $1.5 million more than he would have made had he exercised the option on his current contract. It would also set him up to maximize his worth once the league's new television deal increases the salary cap.
James has stormed back from a knee injury in spectacular fashion, posting the league's fifth-best PER (28.2) as of Jan. 1. James is averaging 26.0 points, 7.4 assists and 5.5 rebounds per game in his first season back in Cleveland.
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