October 3, 2022

LeBron James' signing with the Lakers extended

LeBron James’ signing with the Lakers extended

August 18: The team announced that the Lakers have officially signed James to an extension (Twitter link via Mark Stein).

August 17: attacking star LeBron James agreed to extend the contract with Lakersagent Rich Bowl From Klutch Sports tells Adrian Wojnarowski from ESPN.

It will be a new deal with a two-year salary cap that includes a second-year player option, according to Wojnarowski. This means James is now under contract with the Lakers through at least the 2023/24 season, with an option at 24/25. Woog adds that the agreement also includes a 15% commercial interest.

James earns $44,474,988 in 2022/23, which is more than Standard max $43,279,250 for a player with 10+ years of experience in the NBA. Since he still qualifies for a 5% raise on a new extension, LeBron’s 2023/24 salary will likely be $46,698,737. His ’24/25 player option would be $50,434,636, an 8% increase in the first year of his extension, with a two-year total of $97,133,373.

The value of James’ extension could increase further if the NBA’s 23/24 salary cap is higher than expected. The cap is currently expected to be $133 million, but if it ends up exceeding $133,425,000, LeBron’s starting salary in the extension will instead be worth 35% of the cap.

[RELATED: 2022/23 NBA Contract Extension Tracker]

mosques become eligible for a new two-year extension on August 4. He was ineligible to sign a deal longer than that because of the NBA More than 38 judgments.

Despite his new eligibility, it was felt that James would not rush into a new deal right away. The four-time MVP would have been able to retain the leverage and possibly exert more influence on the Lakers roster’s moves by postponing that commitment. Taking this route would also have given LeBron a chance to evaluate the additions to the squad’s roster – and the new head coach Darvin Hamm During the 2022/23 season.

However, James appears comfortable renewing his commitment with the Lakers despite his disappointing 33-49 display last season and lingering questions about the roster. The new deal will give LeBron the opportunity to become an unrestricted free agent at the age of 39, at which point he is expected to try to collaborate with his son. Bronnie Jameswhich will not be eligible for renewal before 2024.

While the Lakers almost certainly didn’t consider a transfer anyway, James’ extension would make him ineligible to trade through the 2022/23 season – he can’t be dealt with for six months after signing the contract, as he bypasses the NBA. Extension and trade restrictions.

as such Bobby Marks from ESPN (Inside link) Previously, note that the Lakers’ potential 2023 room would not be affected in any real way by James’ new extension, given that his holding of the free agent was equivalent to his overtime salary. Los Angeles plans to have more than $20 million in the room next summer when there will be several contracts — including Russell Westbrook‘s – expire , which will open some options for the team but won’t be enough for another player with the maximum salary.

James’ new deal makes him the highest-paid player in NBA history by gross earnings, at least for now, Marks. Tweets. Assuming LeBron’s deal ends at $97.1 million, his career earnings would be $532 million, overtaking Kevin Durant$508 million.