Earlier this week, it was confirmed that LeBron James has told the Cleveland Cavaliers that he will re-sign with them. However, there is still no word yet on the details of his contract.

On July 18, Sports Illustrated reported that James will re-join the Cavs. This, of course, did not come as a surprise especially since it has always been expected that the Cleveland franchise will do whatever it can to retain James. After all, he was the one who led the Cavs to claim Cleveland's first championship title in over 50 years.

However, until now, it is not yet clear what type of deal the Cavs and James will agree on. But, as noted by For The Win, this doesn't necessarily mean that the Cavs and James have stalled their contract negotiations.

Although the exact details of the contract talks are still unknown, James has the option to sign a one-year contract worth $26.7 million, or agree on a multi-year deal that's at around $30.9 million, which will instantly make him as the highest paid player of the league next season.

Given the parameters of these two offers, James and his camp are probably taking their time to see which contract would be best for them. The athlete could go for a short-term deal and have the option to sign a more lucrative contract next year. On the other hand, he could take the long-term contract with a slightly bigger payout.

But then again, there's also a chance that James has already decided on which contract he will take. He's just probably giving the Cavs enough time to sort out their other matters before finalizing his decision. After all, the team has very limited cap space. And, aside from James, there are still other members of the Cleveland team that are still unsigned, such as J.R. Smith and head coach Tyronn Lue.

Given the fact that these personalities also played an important part in the team's victory, the Cavs will also probably retain them. However, in order to do this, the team must first check if it has enough salary space.