AUGUST 18: The Lakers have officially signed James to an extension, the team announced (Twitter link via Marc Stein).
AUGUST 17: Superstar forward LeBron James has agreed to a contract extension with the Lakers, agent Rich Paul of Klutch Sports tells Adrian Wojnarowski of ESPN.
It’ll be a new two-year, maximum-salary deal that includes a second-year player option, per Wojnarowski. That means James is now under contract with the Lakers through at least the 2023/24 season, with an option on ’24/25. The agreement also includes a 15% trade kicker, Woj adds.
James is earning $44,474,988 in 2022/23, which exceeds the standard maximum of $43,279,250 for a player with 10-plus years of NBA experience. Because he’s still eligible for a 5% raise on a new extension, LeBron’s 2023/24 salary will likely be $46,698,737. His ’24/25 player option will be worth $50,434,636, an 8% raise on the first year of his extension, for a total two-year value of $97,133,373.
The value of James’ extension could increase further if the NBA salary cap for ’23/24 comes in higher than anticipated. The cap is currently projected to be $133MM, but if it ends up exceeding $133,425,000, LeBron’s starting salary on the extension would instead be worth 35% of the cap.
[RELATED: 2022/23 NBA Contract Extension Tracker]
James became eligible for a new two-year extension on August 4. He was ineligible to sign a deal longer than that due to the NBA’s Over-38 rule.
Despite his new eligibility, there was a sense that James wouldn’t rush into a new deal right away. The four-time MVP would have been able to retain leverage and perhaps wield more influence on the Lakers’ roster moves by holding off on that commitment. Taking that route would also have given LeBron a chance to assess the team’s roster additions – and new head coach Darvin Ham – during the 2022/23 season.
However, it appears that James was comfortable renewing his commitment to the Lakers despite last season’s disappointing 33-49 showing and lingering questions about the roster. The new deal will give LeBron the opportunity to become an unrestricted free agent at age 39, at which point he’s expected to try to team up with his son Bronny James, who would be draft-eligible no earlier than 2024.
While the Lakers almost certainly wouldn’t have considered moving him anyway, James’ extension will make him ineligible to be traded during the 2022/23 season — he can’t be dealt for six months after signing the contract, since it exceeds the NBA’s “extend-and-trade” restrictions.
As Bobby Marks of ESPN (Insider link) previously noted, the Lakers’ potential 2023 cap room won’t be affected in any real way by James’ new extension, since his free agent cap hold would have been equivalent to his extension salary. Los Angeles projects to have over $20MM in room next summer when several contracts – including Russell Westbrook‘s – expire, which will open up some options for the team but won’t be enough for another maximum-salary player.
James’ new deal makes him the highest-paid player in NBA history in terms of total earnings, at least for the time being, Marks tweets. Assuming LeBron’s deal ends up being worth $97.1MM, he’ll be at $532MM in career earnings, surpassing Kevin Durant‘s $508MM.
45 thoughts on “LeBron James Signs Extension With Lakers”
Im honestly surprised- must think they can make some good roster moves to get back into contention
I am now very worried
Lakers have $20 million cap room next summer
If Lakers really want to give Irving $200 million contract, they should not spend so much on LeBron
There is a good reason that Irving did not trust …..
Kylie wants money, what should lakers do next summer?
The Lakers are not getting Irving
Get that $ boy #BillionaireBehavior
If he cared about winning he would take less $$ so they can bring in others.
Like James Larden??
Bradley Beal making more than f***ing Lebron James lol
Nikola Jokic and Damian Lillard also.
Waiting fro Bronny to hi the league. Lakers will continue to be bad to average. He will get his all time point leader and maybe make the playoffs. Lebron will be done playing in 2 years!
correction Lebron will be done playing in 3 years.
Is that LeBum Jahamez from Multiversus?
Lakers are supposed to be top 5 teams at least 3 times every 10 years
Lakers future does not look good unless they can sign free agent superstars
How are Lakers 2025-2030 seasons?
Westbrook will be traded this summer and then Lakers are playoffs team this year
If you’re going to lose at least be paid well to do it!
I have reasonable doubt that lakers are able to win the West 1 time the next 8 years
Lol man these guys really dislike LeBron. Same old America
Hahahahah. As a Bron guy, you are ridiculous. Love that the race card is always ready to come out of your pocket
Race card? That’s interesting. You think you guys hate Bron bc he’s Black? Interesting take. You know you might be on to something
What I assumed all along.1+1. His player option year will be when bronny is able to enter the nba after 1 year college.
Yeah, same. Everyone said I was crazy, that James should never sign an extension with the Lakers, but here we are . . .
He’ll retire rich and as the king of load management
If he played 100% of the games over the past 20yrs you still would find a way to hate on him
The guy is 38yo, what a dumb comment.
People are hating him for taking the money while being a billionaire, if he’d take a paycut to help the team get better players he will be hated aswell.
Stop the hating people.
“King of Load Management”????? That has NOT been LeBron throughout his career. This is a guy who likes to go hard for all 82 games, and always give his best shot, in the same way that Kobe, MJ, Magic and Bird did.
LeBron is worth the money and by NBA money standards he is UNDER paid. Truly a guy who absolutely elevates the play of the other players on the floor with him. Brad Beal elevates nobody but himself. Same with Damian Lillard. Same with Russell Westbrook.
The guy has played in all 82 games once in his career, and only 5 out of the last 11 seasons has he played more than 70 games in a season.
LeBron missing games was always because of legitimate injury. It has NEVER been because he needed to sit out the 2nd game of a back-to-back, or just sitting out because he didn’t want to play against a weak opponent. Dude hits the floor and you get his best shot. Never “Load Management”. NEVER!
In comparison, Still l Steph Curry has NEVER played more than 80 games and he’s only done that twice. Plus he hasn’t played more than 69 games in a year for the past 5 seasons. Your point? I mean dude has played 52,000 minutes in his career. The next two active players are Mello at 49k and Paul at just under 39k. James should be appreciated for his durability, longevity send dedication to staying in NBA shape. I mean 30 ppg at age 37 is amazing.
I’m not a LeBron fan at all, but the dude isn’t soft like Kawai and the rest of the weaklings who need rest all the time. Those guys wouldn’t last in the real world where you don’t get a 5 month vacation every year.
Yup. Even the best ironmen tend to break down after the type of mileage he’s had on those tires. And no one has ever questioned his work ethic or dedication to taking care of his body. It’s just one of those things.
Not that he’ll ever need money but LBJ is basically getting the Lakers to set his son up for life too with at least one NBA contract. Hell of a dad.
Worked for every penny.
if he finds the fountain of youth… Lakers still aren’t making the playoffs
He’s been enjoying the “fountain of youth” ever since he signed with Miami.
The Lakers can still make the playoffs, but making the playoffs in the NBA is hardly noteworthy. They will be a lower seed at best.
I know basketball isn’t as large on the world stage as Futbol but if Kylian Mbappe is worth $62 million USD a season LeBron is worth more than $47 million.
Shoulda took a paycut like the beard did so they could build a better team around him.
Beard didn’t take a paycut. He colluded with the 6ers to help them circumvent the cap, and in reward Philly will be docked 5 first round draft picks LOL
I wonder how much his reputation will tarnish once the PEDs are discovered
you don’t think he gets tested? such a hater.
Timing of this seems odd
I’m sure the Chinese are psyched
Don’t they need to get the CCP to approve such a large contract?
And they’ll be mediocre with that roster and might be able to turn things around in 2029
Since becoming a Laker in 2018-19. Bron has played ……..
2018-19, 55 gms 1937 mins
2019-20, 67 gms 2316 mins
2020-21, 45 gms 1504 mins
2021-22, 56 gms 2084 mins
His last yr in Cleveland 2017-18. Bron played
82 gms and 3026 mins. Just saying !!
Just saying what?