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LeBron James signs new contract that will make him highest-paid player in NBA history

Fresh off delivering the Cleveland Cavaliers their first-ever NBA championship, LeBron James finally signed his new contract. 

James himself broke the news in a video posted to Twitter on Thursday evening.

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 day under his new contract. 

Divide that by 24 and you get $3,805 — that's how much James will make every single hour of 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 second of 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. 

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