Danny Ferry Confirms Team is In Talks on Extension With Lebron James

But Cleveland Cavaliers GM Won't Talk Status or Specifics

The Associated Press is reporting that Danny Ferry has talked to LeBron James' agent Leon Rose about a contract extension. He wouldn't elaborate further when discussed the specifics of the talks. The speculation is that the Cavs have offered the cornerstone of the Cavs franchise another 3 years on his contract which is set to expire at the end of the season. The report states:

Intentionally vague during an important negotiation, Cleveland Cavaliers general manager Danny Ferry said Monday that the club has had ongoing talks with LeBron James' agent about a contract extension for the NBA's reigning MVP.