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LeBron James agrees to a 2-year extension with Los Angeles Lakers

LeBron James is making it official: He’s coming back for a record-tying 22nd season in the NBA, one where the league’s all-time scoring leader could share the floor with his son Bronny as teammates with the Los Angeles Lakers. James has agreed to a two-year contract to remain with the Lakers, a person with knowledge of the negotiations said Wednesday. The second year of the deal is at James’ option and means he could become a free agent again next summer, said the person, who spoke to The Associated Press on condition of anonymity because the agreement had not been announced publicly.

Quick Read

  • LeBron James agrees to a 2-year extension with the Los Angeles Lakers, AP source says
  • LeBron James will return for a record-tying 22nd NBA season, playing for the Los Angeles Lakers.
  • The agreement includes a player option for the second year, allowing James to become a free agent next summer.
  • The contract is expected to be around $50 million per year, potentially pushing his career earnings over $530 million.
  • This extension paves the way for a potential historic on-court father-son duo with Bronny James, recently drafted by the Lakers.
  • James needed the deal finalized before joining USA Basketball for training camp in preparation for the Paris Olympics.
  • At 40, James remains one of the oldest active players, averaging 25.7 points, 7.3 rebounds, and 8.3 assists last season.
  • He holds numerous NBA records, including all-time points, fourth in assists, and most All-Star selections.

The Associated Press has the story:

LeBron James agrees to a 2-year extension with Los Angeles Lakers

Newslooks- (AP)

LeBron James is making it official: He’s coming back for a record-tying 22nd season in the NBA, one where the league’s all-time scoring leader could share the floor with his son Bronny as teammates with the Los Angeles Lakers. James has agreed to a two-year contract to remain with the Lakers, a person with knowledge of the negotiations said Wednesday. The second year of the deal is at James’ option and means he could become a free agent again next summer, said the person, who spoke to The Associated Press on condition of anonymity because the agreement had not been announced publicly.

Los Angeles Lakers forward LeBron James (23) reacts as he walks back to the bench for a time out against the Denver Nuggets during the second half in Game 2 of an NBA basketball first-round playoff series Monday, April 22, 2024, in Denver. (AP Photo/Jack Dempsey)

ESPN reported that the Lakers and James’ agent, Klutch Sports CEO Rich Paul, may agree on a salary slightly less than the max that James could have gotten — a move that could keep the team from reaching the second apron and preserve some roster flexibility going forward.

Either way, the expectation is that James will make around $50 million — give or take a little bit — this coming season, pushing his career on-court earnings to around $530 million and making him the first player in NBA history to eclipse the $500 million mark.

It will be James’ 22nd season in the NBA, tying Vince Carter for the league record. The Lakers selected Bronny James last week in the second round of the draft, putting them in position to have the first on-court father-son duo in NBA history.

Los Angeles Lakers forward LeBron James (23) drives against Indiana Pacers center Myles Turner (33) during the first half of the championship game in the NBA basketball In-Season Tournament, Saturday, Dec. 9, 2023, in Las Vegas. (Kyle Terada/Pool Photo via AP)

Getting the deal done clears one logistical hurdle: LeBron James needed a new deal in place before he could take the floor with USA Basketball for the start of its training camp in Las Vegas this weekend, one where the squad will start preparations for the Paris Olympics. James will play in the Olympics for the fourth time, his first since helping the U.S. win gold at the 2012 London Games.

He’ll turn 40 in December and averaged 25.7 points, 7.3 rebounds and 8.3 assists last season — as the oldest active player in the league.

Not only is James the all-time leader in points (40,474), but he’s fourth in assists (11,009), sixth in games played (1,492), and eighth in both 3-pointers made (2,410) and steals (2,275).

His 20 All-Star selections is a record, as are his 20 appearances on the All-NBA team. He holds the records for being both the youngest player, and oldest player, to make an All-NBA squad.

Kareem Abdul-Jabbar, left, hands the ball to Los Angeles Lakers forward LeBron James after passing Abdul-Jabbar to become the NBA’s all-time leading scorer during the second half of an NBA basketball game against the Oklahoma City Thunder Tuesday, Feb. 7, 2023, in Los Angeles. (AP Photo/Marcio Jose Sanchez)

James became the youngest to make All-NBA when he was voted onto the team for the 2004-05 season. This past season, he became the first player to be age 39 or older in what became an All-NBA campaign.

Kareem Abdul-Jabbar and Tim Duncan were both just a few days from turning 39 when the regular seasons ended in what became their final All-NBA campaigns, Abdul-Jabbar’s being 1985-86 and Duncan’s being 2014-15. James played in 71 games this past season, the last 42 of those coming after he turned 39.

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