In a new piece of news, Clutch Sports CEO Rich Paul told ESPN on Wednesday that Los Angeles Lakers star LeBron James has agreed a two-year, $97.1 million contract extension player option for the 2024-25 season.
The expansion that includes a 15% trade kicker makes James the highest-paid player in NBA history with a guaranteed $532 million career, surpassing Brooklyn Nets star Kevin Durant.
James is ineligible. He agrees to an extension new deal but a new contract. The starting salary is $46.7 million. 15% of James’ stature as a trade kicker and one of history’s greats, until he picked it up.
James entered the final season of his $44.5 million contract and is now joined by All-Star Anthony Davis, with the potential to negotiate new deals with the Lakers or become a free agent in season two.
With the deal the four-time NBA champion and MVP and 18-time All-Star put an end to concerns that he might enter free agency next summer. Despite being 38 years old, James is an All-NBA tier. The player remains and is the focal point of the Lakers’ hopes.
James is ineligible to trade during the upcoming 2022-23 season as his second year of expansion exceeds 5% growth. The Lakers could have north of $20 million in salary-cap space in the 2023 off-season and the third maximum contract player will be able to sign in the 2024 season.
Player options expand the pay-cap space if players decline them and still hold onto new deals. James, who turns 38 on December 30, is limited to signing a two-year extension as he turns 38.
The league’s collective bargaining agreement states that James’ eldest son Bronie is entering his senior year of high school, making him eligible for the 2024 NBA draft. James has repeatedly retired with his son on the NBA roster. He has expressed his desire to make a team before becoming.
The Lakers missed the playoffs in 2022 despite James averaging 30.3 points, 8.2 rebounds and 6.2 assists. Injuries limited James to 56 games.