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Basketball great LeBron James of the reigning NBA champion Cleveland Cavaliers has become the highest-paid player in the league’s history after agreeing to a new contract on August 12th. The deal is reportedly worth a total of $100 million and it also includes the typical player option when it comes to the third year. The majority of basketball fans believed James would eventually sign with his hometown club this summer, he hails from nearby Akron, Ohio, but they may be surprised at the length of the new deal.

Over the past few seasons James would typically sign a one-on-one contract. This is a one-year deal with a player option for the second year. James would usually play a year and then opt out of the second season and sign a new contract for more money. However, that’s not the case this time as he’s decided to sign a three-year deal with the option being in the third year. The new contract will see James paid more than Michael Jordan made back in the 1997/98 season when he was paid $33 million for the year. James scored an average of 25.3 points last season to go along with his 7.4 rebounds per game and 6.8 assists as he helped the Cavaliers become the first team in NBA history to win a Final series after trailing three games to one. Cleveland downed Golden State in seven games to win the title.

James was drafted first overall by Cleveland in 2003 and also played four years with the Miami Heat before returning to Cleveland two seasons ago. He’s set to be paid $31 million in the upcoming 2016/17 campaign, which makes him the best-paid player for the NBA season. Once the 2017/18 season rolls around he’ll be paid a total of just over $33 million which will become an official record for a single season. The Cavaliers will now be trying to re-sign J.R. Smith sooner rather than later. The veteran is hoping to make $15 million a year with the club, but the Cavaliers first offer was in the $10 million per-season range. Smith is seen as a valuable swingman for the franchise and fans are hoping the two sides can come to an agreement.

As for the 31-year-old James, he’s arguably the best basketball player of his era. He’s played on three NBA championship teams and has taken home four Most Valuable Player Awards for the regular season. He’s also captured a trio of MVP Awards for the NBA Finals and has a pair of Olympic gold medals to his name. James was also named the league’s rookie of the year for 2003/04 and won the scoring championship in 2007/08. In addition, he’s been chosen to a dozen NBA All-Star Teams and was named the event’s most valuable player twice. He’s been selected to 12 All-NBA Teams as well as half a dozen All-Defensive teams and is the all-time leading scorer for the Cavaliers.