LeBron James, Los Angeles Lakers agree to 2-year, $97.1 million extension that includes 3rd-year player option
Posted on August 18, 2022
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.
The extension, which includes a 15% trade kicker, makes James the highest-earning player in NBA history with $532 million in career guaranteed money, surpassing Brooklyn Nets star Kevin Durant.
James is ineligible for a no-trade clause because he agreed on an extension -- not a new deal. But the new contract'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.
James had been entering the final season of his contract (worth $44.5 million) and now joins All-Star Anthony Davis with the ability to negotiate new deals with the Lakers or become free agents in two seasons.
With the deal, the four-time NBA champion and MVP and 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.
James is ineligible to be traded during the upcoming 2022-23 season because the second year of his extension exceeds a 5% raise.
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.
James, who turns 38 on Dec. 30, is limited to signing a two-year extension because he will be 38 or older when his current deal expires, a rule in the league's collective bargaining agreement.
James' eldest son, Bronny, is entering his senior year of high school, making him NBA draft-eligible in 2024. James has repeatedly stated his desire to team up with his son on an NBA roster before he retires.
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.
Spurs favourite Romero partners Chelsea centre-back in Premier League team of the week
Chelsea and Tottenham played out an entertaining 2-2 draw on Sunday and the London pair are both represented in the Premier League team of the week. London rivals Arsenal also have one player make the cut, while Nottingham Forest, Leeds, Liverpool and Manchester City make up the rest of the XI. Dea
Ben Simmons, Philadelphia 76ers settle his grievance over salary, per AP
PHILADELPHIA (AP) — Ben Simmons and the Philadelphia 76ers have settled the grievance he filed to recoup a portion of last season’s salary, a person with knowledge of the details said Monday. Simmons was seeking a portion of the nearly $20 million that was withheld after he refused to suit up for t
How the Chelsea arrivals fared in Everton win as Tottenham clash looms
Following a troubling end to last season, both on and off the pitch, Chelsea entered the new Premier League campaign with a new ownership and three new signings to show off at Goodison Park: A new era for the Blues off to a winning start. Summer signings Raheem Sterling, Kalidou Koulibaly and Marc