LeBron James Signs $97M, Two-Year Extension With Lakers; Deal Pushes Star’s NBA Earnings Past $500M

lebron james signs $97m, two-year extension with lakers; deal pushes star’s nba earnings past $500m

LeBron James GI

That sigh of relief you just heard was from execs at the NBA, TNT, ABC & ESPN after LeBron James’ two-year contract extension with the Los Angeles Lakers was announced.

The deal will keep the league’s marquee player in the league for at least two more years — health permitting. It means James, who is “box office” in the parlance of ESPN’s Stephen A. Smith, will remain a player on the league’s marquee team through 2024, and possibly longer. That’s good for ratings, even if the Lakers can’t make the playoffs.

The deal, as announced by ESPN’s Adrian Wojnarowski, is for “a two-year, $97.1 million contract extension – including a player option for the 2024-2025 season. James had been entering final year of deal worth $44.5M.”

The extension makes James “the highest earning player in NBA history with $532M in guaranteed money,” surpassing Brooklyn’s Kevin Durant, according to Wojnarowski.

The deal is remarkable in multiple respects. If James picks up his player option for the third year, he will end the 2024-2025 season at the age of 40. Only a few dozen players in NBA history have played past their 40th birthday, including Lakers’ legend Karen Abdul Jabbar, whom James would undoubtedly pass as the league’s all-time leading scorer if he finishes out the contract.

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