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Salary cap set, LeBron cashes in
Cavaliers star to earn about $43 million in next three seasons
By Brian Windhorst
Beacon Journal sportswriter
CLEVELAND - LeBron James' paycheck is now set, and it's big.
The NBA finalized its salary cap for the 2007-08 season on Tuesday, upping it about $2 million from last year to $55.63 million.
Last summer, James signed a three-year maximum contract extension, which now kicks in with the start of the new NBA fiscal year. The value of the deal was not certain until the league set the new cap.
The numbers show James will earn about $43 million in the next three years, starting with a salary of about $13 million this season with annual raises of about $1.4 million each year.
James has an option for the 2010-11 season that is worth roughly $17 million.
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