LeBron James Signs 2-Year Extension With Lakers

LeBron James has signed a two-year, $97.1 million extension with the Los Angeles Lakers, ESPN's Adrian Wojnarowski.

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

The deal includes a 15 percent trade kicker, which means James will earn more should the Lakers opt to trade him. Furthermore, the amount can increase to up to $111 million if the salary cap spikes to a higher number in 2023-24.

Additionally, James also became the highest-earning player in NBA history with the new contract.

James is entering the last year of his current deal. This extension puts him with the Lakers through at least the 2023-24 season, with the 2024-25 season being a player option.

The 4-time NBA Champion has gone on record that he wants to play with his son Bronny, who will become NBA draft eligible in 2024. This is coincidentally when James can opt-out and become a free agent in the 2024 offseason.