AP sources: James, Cavaliers agree to 2-year contract

CLEVELAND (AP) — There was no need for a heartfelt letter this summer. LeBron James isn't going anywhere.

This decision was easy.

Just shy of the one-year anniversary of his celebrated homecoming, James agreed to terms on a two-year, $47 million contract for next season, two people familiar with the negotiations told the Associated Press late today.

The deal includes a $24 million player option for 2016-17, said the people who spoke on condition of anonymity because James has not yet signed the contract.

That will be done soon enough as the four-time MVP has a busy schedule over the next few weeks to promote a new comedy film in which he portrays himself.

James is hosting a VIP screening for family and friends in Akron on Friday, where he'll walk the red carpet with the other stars of "Trainwreck," an R-rated movie he filmed last summer shortly after announcing he was returning to the Cavs.