- LeBron James has signed a two-year, $97.1 million contract with the Los Angeles Lakers.
- The 37-year-old is in the final year of his current deal with the Lakers.
- His new contract makes him the highest-paid player in NBA history.
Multiple reports on Wednesday indicated that LeBron James and the Los Angeles Lakers have agreed to terms on a two-year contract extension worth $97.1 million.
According to ESPN and The Athletic, the contract includes a player option for the 2024-25 season, during which James’ 17-year-old son Bronny might make his NBA debut.
LeBron James’ deal is worth up to $111 million over two years based on salary cap rises. https://t.co/2SryOYbJMY
— Shams Charania (@ShamsCharania) August 17, 2022
The superstar forward’s contract could be worth $111 million if the NBA salary cap increases significantly for the 2023-24 season.
Terms would give James a guaranteed career earnings total of $532 million, surpassing Kevin Durant’s record guaranteed career earnings total. James is a four-time NBA champion and four-time NBA Most Valuable Player.
James, 37, has stated that he intends to play until the 2024-25 season so that he may play alongside his Los Angeles-area high school star son.
James, who would have entered the final season of his Lakers’ contract in October, will now be able to negotiate a new deal or become a free agent in two seasons, the same possibilities that star colleague Anthony Davis possesses.
The Lakers won their most recent NBA championship in 2020, however, they missed the playoffs with a 33-49 record and LeBron James was limited to 56 games by injuries despite averaging 30.3 points, 8.3 rebounds, and 6.2 assists per game.
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