In a letter posted to ESPN, LeBron James announces his reasons for returning to the Cavaliers:

I’m not promising a championship. I know how hard that is to deliver. We’re not ready right now. No way. Of course, I want to win next year, but I’m realistic. It will be a long process, much longer than it was in 2010.

Absolutely classy. His reasons are sound, his goals clear, and his promises tempered. James handled this perfectly — I especially liked the college metaphor.

The Cleveland Cavaliers just got the biggest NBA free agent of our generation, and they are now the best team in the East. Wow.