LeBron James has made NBA history yet again. According to Slam, the basketball star is the highest-paid NBA player of all time, earning a guaranteed $532 million.
ESPN reporter Adrian Wojnarowski announced that James recently signed a two-year $97.1 million contract extension that includes a player option for the 2024-2025 season.
BREAKING: Los Angeles Lakers star LeBron James has agreed on a two-year, $97.1 million contract extension – including a player option for the 2024-2025 season, @KlutchSports CEO Rich Paul tells ESPN. James had been entering final year of deal worth $44.5M.
— Adrian Wojnarowski (@wojespn) August 17, 2022
And he could make more than that. Wojnarowski added on Twitter that “the deal can increase to $111 million if the salary cap in 2023-2024 rises to a substantially higher number.”
The deal can increase to $111 million if the salary cap in 2023-2024 rises to a substantially higher number.
— Adrian Wojnarowski (@wojespn) August 17, 2022
James’ new deal will also keep the 37-year-old in Los Angeles, where his 17-year-old son Bronny is expected to finish his high school basketball career at Sierra Canyon High School.
As Blavity previously reported, one of James’ goals is to play on an NBA court with Bronny.
According to ESPN, James is ineligible for a no-trade clause because he agreed on an extension, rather than a new deal. But his starting salary, the 15% trade kicker and his pedigree in the NBA probably cement his spot on the Lakers.
After solidifying James’ deal, the Lakers may have over $20 million in salary-cap space in the 2023 offseason. They may also have the ability to sign a third max contract player in the 2024 offseason.
Although the Los Angeles team did not make it to the playoffs in 2022, James averaged 30.3 points, 8.2 rebounds and 6.2 assists during the season.