Fresh off delivering the Cleveland Cavaliers their first-ever NBA championship, LeBron James finally signed his new contract.
It. Is. A. Whopper.
SEE ALSO:Cliff Alexander and the NBA Draft heartbreak you never hear aboutJames himself broke the news in a video posted to Twitter on Thursday evening.
BREAKING NEWS: @KingJames announces on UNINTERRUPTED he will sign a new deal with the @Cavs.https://t.co/CXZ5qFK5o6
— UNINTERRUPTED (@uninterrupted) August 11, 2016
James' agent, childhood friend Rich Paul, gave more details to ESPN.com. The deal is reportedly worth $100 million over three seasons. The second year will pay James just over $33 million, according to ESPN.com -- topping the $33 million the Chicago Bulls paid Michael Jordan in his final season with the team.
The new deal's first year, this coming season, will pay James $31 million to make him the NBA's highest-paid active player for the first time ever. The third season is reportedly a player option.
Now let's break the full contract down into terms everyone can relate to.
Divide $100 million by 1,095, (the number of days contained in three years) and you get $91,324. That's how much James will make every single dayunder his new contract.
Divide that by 24 and you get $3,805 -- that's how much James will make every single hourof every single day.
Divide that by 60 and you get $63.42 -- that's how much James will make every single minute of every single day.
Divide that by 60 and you get $1.06 -- that's how much James will make every single secondof every single day for the duration of his new contract.
So, yeah: LeBron James will earn more than a dollar every single second for every single minute of every single day during his new contract.
And yet, he's still underpaid.
Time to start practicing that jump shot, people.
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