Los Angeles Lakers star LeBron James has agreed to a two-year, $97.1 million contract extension that features a participant choice for the 2024-25 season, Klutch Sports activities CEO Wealthy Paul advised ESPN on Wednesday.
The extension, which features a 15% commerce kicker, makes James the highest-earning participant in NBA historical past with $532 million in profession assured cash, surpassing Brooklyn Nets star Kevin Durant.
James is ineligible for a no-trade clause as a result of he agreed on an extension — not a brand new deal. However the brand new contract’s beginning wage of $46.7 million, the 15% commerce kicker and James’ stature as one in every of historical past’s nice gamers possible make him a Laker for so long as he chooses.
James had been coming into the ultimate season of his contract (price $44.5 million) and now joins All-Star Anthony Davis with the flexibility to barter new offers with the Lakers or turn out to be free brokers in two seasons.
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With the deal, the four-time NBA champion and MVP and 18-time All-Star eliminates concern that he might enter free company subsequent summer time. Regardless of approaching 38 years outdated, James stays an All-NBA-level participant and the centerpiece of the Lakers’ competition hopes.
James is ineligible to be traded throughout the upcoming 2022-23 season as a result of the second yr of his extension exceeds a 5% elevate.
The Lakers might have north of $20 million in salary-cap house within the 2023 offseason and would have the flexibility to signal a 3rd max contract participant within the 2024 offseason. The participant choices enhance salary-cap house if gamers decline them, and but stay on new offers.
James, who turns 38 on Dec. 30, is proscribed to signing a two-year extension as a result of he might be 38 or older when his present deal expires, a rule within the league’s collective bargaining settlement.
James’ eldest son, Bronny, is coming into his senior yr of highschool, making him NBA draft-eligible in 2024. James has repeatedly acknowledged his want to workforce up along with his son on an NBA roster earlier than he retires.
The Lakers missed the playoffs in 2022, regardless of James averaging 30.3 factors, 8.2 rebounds and 6.2 assists. Accidents restricted James to 56 video games.
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