LeBron James agrees to contract extension with Lakers

LeBron James has reportedly agreed to an extension with the Lakers, a two-year deal with a player option.

The deal keeps him from freehand until at least 2024, when he could exercise his option.

The contract is worth the maximum that could be offered – $97.1 million. It also includes a 15% trade kicker. The deal could grow to more than $110 million with a salary cap increase.

James, 37, was set to become an unrestricted free agent after this season – his fifth since signing with the organization in 2018.

He won an NBA title in 2020, but the Lakers have not progressed past the first round of the playoffs in any of his other seasons with the team.

In 223 games with the Lakers, he averaged 27 points, 8.0 rebounds and 8.2 assists. James’ ability to become a free agent if he exercises his player option in 2024 aligns with his stated desire to play with his son Bronny James should he be in the NBA. Bronny James is entering his senior season with Chatsworth Sierra Canyon High and is widely considered a top-50 contender in his recruiting class. LeBron James agrees to contract extension with Lakers

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