Lebron James extension with the Lakers: How much money will he make? All details of the contract
Reports indicate that LeBron James has agreed to a two-year, $97.1 million contract to stay with the Los Angeles Lakers through the 2024-25 season.
LeBron James has extended his contract with the Los Angeles Lakers, according to multiple reports. The 37-year-old forward will remain with the Los Angeles franchise through the 2024-25 season.
According to a report by Adrian Wojnarowski of ESPN, James accepted a two-year extension in exchange for $97.1 million. The deal features a player option for the 2024-25 season. In effect, it extends his contract for another guaranteed year. He was to earn $44.5 million on the last year of his original agreement.
LeBron’s contract could get him $111 million
Rich Paul, James’s agent, confirmed the four-time NBA champion’s new contract to ESPN. One benefit The King could get is that if the salary cap goes up for the 2023-24 season, he would get a total of $111 million.
LBJ is not eligible to receive a no-trade clause as this can only be included in new contracts and not extensions. Therefore, his contract provides for an increase of 15 percent of his salary if the Lakers trade him to another franchise.
The extension will make the four-time NBA MVP the highest-earning NBA player of all time, with a career total of $532 million.
LeBron wants to play with his son
James could join free agency by the time his son Bronny becomes eligible for the NBA draft. He had said earlier this year that he would like to spend the last year of his career playing wherever his son would be.
The 37-year-old could opt out of the last year of his contract to sign up with whichever team hires his son. If the Lakers choose to sign Bronny, his father would only need to opt into the last year of his new deal to be able to play alongside his firstborn.