The Cavaliers offered LeBron James a contract extension on July 18th.

James holds a one-year player option for 10-11, which he can exercise anytime before June 30, 2010, but he can also become an unrestricted free agent.

James remains noncommittal on his future, but gave Cleveland a good indication that he could remain with the lone franchise he has played for.

"I'm excited about the upcoming season and I have never given any indication that I'm leaving Cleveland," he said. "I've been happy with what the franchise has done for me and my family. It's been great. Hopefully everything goes right and hopefully I can sign a big contract to stay in Cleveland."

James was then asked if he would be open to signing a short term deal with the Cavaliers.

"That's possible," he said. "We'll see."