DENVER -- The summer of 2010 is indeed shaping up to be a wild one on the NBA free-agent scene.

But there's a chance LeBron James may just skip the party.

James said Saturday that he is going to consider signing an extension with the Cavaliers this summer, well before he can become an unrestricted free agent.

"You play out this season of course; I will consider it," James said Saturday before the Cavs practiced at the Pepsi Center.

"The direction we are headed is everything I expected and more."

This is the first time James has publicly talked about signing this summer instead of waiting until 2010. It is an indication of how pleased James is with the progress the Cavaliers have made this season as they are off to a 22-4 start, the second-best record in the NBA.

In 2006, James signed a three-year, $43 million deal with the Cavs through 2010 and it included a player option for 2010-11 worth $17.4 million. There has been a general assumption that James will forgo his player option, but no one has been paying attention to the other choice, which is to extend his contract with the Cavs early.

There is still a good chance James will not sign early and let things play out in 2010. Waiting will give him a chance to evaluate the entire scene before making a decision.

But James has thought about this summer and so have the Cavs, who will most certainly offer him a maximum-level deal whenever he wants.

"I definitely want to keep an open mind, I will look at everything," James said. "[The extension] is a good point. I think me and my group have pretty much made good decisions so far and we'll look at the options and go from there."

Overall, there are all kinds of different choices James has and that even includes his Nike contract. There has been quite a bit of attention paid to the fact that his Nike deal also ends in 2010 and many have assumed he'll negotiate that new deal at about the same time.

However, James has a three-year extension clause in the Nike deal he can activate if he so chooses. His yearly salary with Nike could actually be higher now than what he could get with a new deal, especially considering the state of the economy and the general downturn in athlete endorsements.

In addition there is no clause in James' Nike contract that will pay him more if he plays in a major market like New York or Los Angeles, another fact that has been misreported at times. When James first signed with Nike, there were some incentives for being in New York, Chicago or L.A. but those have since expired.

There is still a good chance James will do a brand new deal with Nike.

Some of it may depend on what friends Dwyane Wade and Chris Bosh do, they both will have the same chances to sign early. But he is pleased with the Cavs' franchise, off to its best-ever start at 22-4 heading into Sunday's game against the Thunder in Oklahoma City.

In the wake of setting the franchise steal record last week and already owning the scoring record, James was even joking this weekend with his teammates about his future. Especially Zydrunas Ilgauskas, who just took over the franchise rebounding mark. But maybe not long-term, James hinted.

"By the time I get done," James said. "I'm going to hold all the records."

Gibson practices: Daniel Gibson took part in the team's practice Saturday. It was a light workout with no contact, but is another step in his return from a sprained toe. He will likely not play against the Thunder but could be cleared for contact practice early next week.

Tape to rescue: Ilgauskas reported no lingering issues from his first game back from a sprained left ankle and also went through Saturday's drills. He tied a season-high with 23 points in the victory over the Nuggets on Friday night and was able to play 28 minutes. What seemed to help Ilgauskas was taping the ankle, which he has not done in years under doctor's orders following his foot reconstructive surgery.

"It really helped, it was OK," Ilgauskas said. "I got a little tired in altitude. I didn't go get offensive rebounds when the shot went up I just ran to the other end, I tried to cut the court in half."