Looking for information on LeBron James' salary? LeBron James, who was born in 1984, is one of the most famous basketball players in the entire world. He was drafted by the Cleveland Cavaliers with the first overall pick of the 2003 NBA Draft. LeBron James became a highly coveted prospect after his years at St. Vincent-St. Mary High School in Akron, Ohio. He chose to bypass college and make his way directly into the NBA.
LeBron James played for the Cleveland Cavaliers from 2003 through 2010. After being drafted, he was signed to a standard rookie contract by the Cavaliers, which entitled James to make $12.96 million over a period of three years. That comes out to an annual salary of $4,320,000. After his rookie contract expired, LeBron James signed a three year contract extension with Cleveland that was worth $60 million over a period of three years, which gave James an annual salary of $20 million.
In 2010, LeBron James decided to test the free agent market. In the end, he, along with Chris Bosh and Dwayne Wade, decided to sign with the Miami Heat. In order to make sure that the Heat could afford to sign all three superstars, LeBron James took a bit less than the NBA maximum contract. The contract that James signed with Miami was worth $110 million over six years. That gives James an annual salary of approximately $18 million. To help the Cavaliers out, LeBron first signed the contract with them and was then traded to the Heat as part of a sign-and-trade deal. In exchange, the Cavaliers received draft picks and a large trade exception.