Los Angeles Lakers superstar, Lebron James, agreed to a two-year, $97.1 million contract extension with Los Angeles, including a player option for the 2024-2025 season. The information was confirmed to ESPN by the CEO of Klutch Sports and his agent, Rich Paul.
James was entering the final year of his contract, where he would earn $44.5 million for the upcoming season.
The extension, which includes 15 percent trade compensation, makes James the highest-earning player in league history with $532 million in guaranteed money. exceed the agreement Kevin Durant with the Brooklyn Nets.
At 37 years old, LeBron recorded 30.3 points, 8.2 rebounds and 6.2 assists in 56 commitments in 2021-22.
James now joins Anthony Davis with the ability to negotiate new deals with the Lakers or become free agents in two seasons.
The four-time NBA champion, MVP and 18-time All-Star ‘eliminates’ concerns that he could enter free agency next summer. LeBron is not eligible to be traded during the upcoming 2022-23 campaign because the second year of his new extension exceeds a 5% raise.
The Lakers could have more than $20 million in salary-cap space in the 2023 offseason and the ability to sign a third max-contract player in the 2024 offseason.
Breaking: LeBron James has agreed to a two-year, $97.1 million contract extension – including a player option for the 2024-2025 season, Rich Paul tells @wojespn.
James had been entering final year of deal worth $44.5M. pic.twitter.com/GoWSO7euNJ
— ESPN (@espn) August 17, 2022
James, who turns 38 on Dec. 30, is limited to signing a two-year extension because he will be 38 or older when his current contract expires, a rule in the league’s collective bargaining agreement.
The Lakers finished 11th in the Western Conference last tournament with a 33-49 record, missing the playoffs.
James has repeated on multiple occasions that he would like to play with his son Bronny James, once he is eligible for the NBA draft. For that we will have to wait until 2024.
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LeBron James renews for two seasons and $97.1 million