No. 1 pick James may sign contract by Wednesday
SportsLine.com wire reports
LeBron James will soon be pocketing a few more million dollars.
James, selected with the No. 1 overall pick in the NBA Draft last week by the Cleveland Cavaliers, may sign his rookie contract with the club as soon as Wednesday, his agent said.
Based on the NBA's collective bargaining agreement, James' salary is already set for the first three years he's in the league. He can make as much as 20 percent more per season than last year's top pick, center Yao Ming, got from the Houston Rockets.
If the Cavaliers pay James the maximum over the length of the deal, he'll make $4.02 million, $4.32 million and $4.62 million over the next three seasons.
Cleveland would hold an option for the fourth season that could pay James another $5.8 million.
That's a nice chunk of change, even for an 18-year-old who has already signed endorsements deals worth more than $100 million and is expected to land more.
Reality check to David Stern, the NBA and Nike: LeBron James has not played a single game, not one second, in the NBA. Ever. Zero.