Putting any rumors about a possible departure to rest rather quickly, LeBron James announced on Wednesday that he will re-sign with the Cleveland Cavaliers.

From Cleveland.com's Joe Vardon:

"I love it here. I love being here. I love my teammates," James told cleveland.com, moments before he boarded a float at The Q for the Cavs' championship parade through downtown Cleveland. "Obviously my agent will take care of all the logistical things but, I'm happy. I've got no plans to go nowhere at this point."

James signed a two-year deal with the Cavs last summer but has a player option so he can opt out of his deal in July. He did this so he can get a larger deal with the exploding salary cap and also to have some leverage over the Cavs, if the season didn't go the way he expected.

But now that he has led the Cavs to a championship, James is determined to do it again next season. And if he is able to duplicate how he played in this year's Finals next year, the Cavs have a strong chance at winning back to back titles.

LeBron isn't leaving Cleveland.