The AP reports: LeBron James is unlikely to accept a contract extension from the Cleveland Cavaliers until after the 2009-10 season, when he can become a free agent… “I signed a contract in 2006 with an option,” he said. “It would make no sense for me to sign that contract if I didn’t keep my options open. I’ll let you fill in the blanks.”

InsideHoops.com editor says: This is entirely unsurprising. Most other players would be advised to sign the extension. But LeBron is doing the right thing for himself. I still think he’s going to wind up staying with the Cavs, unless he and some other top 2010 free agent agree to play together on the Knicks or some other team.