James is joined by Houston's James Harden and New Orleans' Anthony Davis as the other two finalists.
But will the Rockets star finally take home the top league honor? As expected, James Harden is one of the three nominees for Most Valuable Player, along with Cleveland's LeBron James and New Orleans' Anthony Davis.
Harden was the betting favorite to win the MVP in the final weeks of the season and has been a finalist for MVP in two out of the last three seasons.
While Mitchell did average more points in the regular season, Simmons averaged more rebounds, assists, steals and played more effective defense than his opponent over the first 91 games of his National Basketball Association career and looks like a potential superstar.
Even though Embiid probably won't win the award, as Gobert's defensive ranking is far and away the best mark in the entire league, it's nice to see the big man get some much-needed appreciation for his hard work.
James led the league in minutes played per game as he helped the inconsistent Cavaliers into 4th place in the Eastern Conference.
Davis pulled off what many thought was a miracle, dragging the Pelicans to the No. 6 seed in the playoffs despite a season-ending injury to running-mate DeMarcus Cousins.
Meanwhile, the Philadelphia 76ers' Ben Simmons and Utah Jazz's Donovan Mitchell are finalists for the NBARookie of the Year award.
Simmons and Mitchell's respective teammates Joel Embiid and Rudy Gobert are also nominated for Defensive Player of the Year along with Davis.
The finalists in all categories were determined by voting by a global panel of sportswriters and broadcasters.
Coach of the Year: Dwane Casey (Toronto Raptors), Quin Snyder (Utah Jazz) and Brad Stevens (Boston Celtics).