LeBron James has agreed to a two-year, $97.1 million contract extension with a third-year player option that will keep the Lakers star in Los Angeles for the foreseeable future. James had been entering the final year of the deal worth $44.5 million. The deal can increase to $111 million if the salary cap in 2023-2024 rises to a substantially higher number.
This deal will keep LeBron in Los Angeles through the 2024-25 season. With $532 million in guaranteed earnings over the course of his career, James, will become the highest-earning player in NBA history, surpassing Brooklyn Nets star Kevin Durant.
James is regarded as one of the greatest players in NBA history, having won the title twice with the Miami Heat in 2012 and 2013, and once with the Cleveland Cavaliers in 2016 and 2020 with the Lakers.
James has averaged 27 points, 8.2 assists, eight boards, and 1.2 steals over four seasons with the purple and gold. The four-time Finals MVP posted a league-leading 10.2 assists during the 2019-20 campaign as he led the Lakers to their 17th NBA championship.