LeBron James has agreed to a two-year, $97.1m contract extension with a third-year participant possibility that can almost certainly hold the Lakers star in Los Angeles for so long as he chooses.
ESPN was first to report the deal, citing Klutch Sports activities CEO Wealthy Paul, who represents James.
The extension will make James the highest-earning participant in NBA historical past, with $532m in assured earnings over the course of his profession, eclipsing Brooklyn Nets star Kevin Durant.
The deal places to relaxation issues that James, a four-time NBA champion and 18-time All-Star coming into the ultimate 12 months of his contract (price $44.5m), would check the free-agent waters subsequent summer season.
James, a four-time NBA Most Priceless Participant who turns 38 in December, is proscribed to signing a two-year extension as a result of he shall be 38 or older when his present deal expires, a rule within the league’s collective bargaining settlement.
Among the many numerous storylines coming into the season is James, and his pursuit of extra historical past.
If he continues scoring at his typical tempo 27 factors per recreation for his profession (he managed 30 factors per recreation final season for the Lakers), he would wish between 44 and 49 video games to cross Kareem Abdul-Jabbar.
Video games 44 by way of 49 for the Lakers fall within the second half of January. They occur to be at dwelling for many of that stretch, a coincidence because it precedes the annual spot within the calendar the place the Lakers and Los Angeles Clippers have to vacate their dwelling area whereas it will get able to play host to the Grammy Awards.
The Lakers missed the playoffs in 2022, regardless of James averaging 30.3 factors, 8.2 rebounds and 6.2 assists in 56 video games performed. However the 17-time NBA champions have the salary-cap flexibility so as to add a 3rd max contract participant within the 2024 offseason to a star-studded entrance line that features James and Anthony Davis.