Lakers News: LeBron James Opts Out Of Contract With Lakers
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LeBron James has opted out of his $51.4 million player option for the 2024-25 NBA season, making him an unrestricted free agent for the first time since 2018. This decision, reported by The Athletic, opens up the possibility of James exploring new opportunities or negotiating a new contract with the Los Angeles Lakers. James, 39, had a 5 p.m. ET deadline on Saturday to inform the Lakers of his official decision.
Shortly after James officially opted out, his agent, Rich Paul of Klutch Sports, explained his client's thinking. "He is prioritizing a roster improvement," Paul told ESPN on Saturday. "He's been adamant about exuding all efforts to improve the roster."
Paul elaborated that James would be willing to work with the Lakers on signing a deal below the maximum three-year, $162 million he is eligible for to open up the full $12.9 million mid-level exception to sign an "impact player." The type of player that James would be willing to make a financial sacrifice for would be an established veteran playmaker like James Harden or Klay Thompson, or an established big man to play alongside Anthony Davis, such as Jonas Valančiūnas, sources told ESPN.
"If the Lakers are unable to entice a player of that ilk to come to L.A. for the MLE, James will seek the max," Paul told ESPN.
Adding another layer to the intrigue, the Lakers drafted James' eldest son, Bronny James, with the No. 55 pick in the second round of the NBA draft on Thursday. This move has sparked speculation about the possibility of LeBron and Bronny playing together in Los Angeles, a long-time aspiration for the NBA star.
James' decision to opt out signals his commitment to winning and his desire to enhance the Lakers' roster. His willingness to take a pay cut for the sake of acquiring a key player underscores his dedication to the team's success. As the free agency period approaches, all eyes will be on James and the Lakers as they navigate this pivotal offseason.