You are so wrong about the years. Next year is considered their 8th year.
http://sports.espn.go.com/new-york/nba/news/story?id=5244954
We won't know the exact numbers until July, but Cleveland will be able to offer LeBron a six-year deal worth approximately $126 million. The biggest contract the New York Knicks or any other team can offer will be a five-year deal worth approximately $30 million less.
5 years 96 million comes out to an average of 19.2 million over 5 years. Which includes a percentage payraise every year.
If Lebron were offered 14 million for next year, he would have to be given a 5 million dollar pay raise every year over the course of his contract to equal out to 5 years 96 million.
http://en.wikipedia.org/wiki/NBA_Salary_Cap
The maximum amount of money a player can sign for is contingent on the number of years that player has played and the total of the salary cap. The maximum salary of a player with 6 or fewer years of experience is $9,000,000 or 25% of the total salary cap (2009-10: $14,472,500). For a player with 7–9 years of experience, the maximum is $11,000,000 or 30% of the cap (2009-10: $17,310,000), and for a player with 10+ years of experience, the maximum is $14,000,000 or 35% of the cap (2008-2009: $20,195,000).[4]
According to hoops hype which has salaries for every player.
Lebron made 15.8 million for 2009-2010
Lebrons player option for 2010-2011 is 17.1 million.
And here I thought he only had 6 years going into next year. Stupid me!
Lebron Made