KING JAMES: Los Angeles Lakers star KingJames has agreed on a two-year, $97.1 million contract extension. That makes him the highest-earning player in NBA history. 🏀💛💜
Los Angeles Lakers star LeBron James has agreed to a two-year, $97.1 million contract extension that includes a player option for the 2024-25 season, Klutch Sports CEO Rich Paul told ESPN on Wednesday.
James is ineligible for a no-trade clause because he agreed on an extension -- not a new deal. But the new deal's starting salary of $46.7 million, the 15% trade kicker and James' stature as one of history's great players likely make him a Laker for as long as he chooses. With the deal, the four-time NBA champion and MVP and an 18-time All-Star eliminates concern that he could enter free agency next summer. Despite approaching 38 years old, James remains an All-NBA level player and the centerpiece of the Lakers' contention hopes.
The Lakers could have north of $20 million in salary-cap space in the 2023 offseason and would have the ability to sign a third max contract player in the 2024 offseason. The player options increase salary-cap space if players decline them, and yet remain on new deals.
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