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.