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 the Klutch Sports CEO Rich Paul tells ESPN. The extension, which includes a 15% trade kicker, makes James the highest earning paper in NBA history with $532 million in guaranteed money, surpassing Brooklyn Nets star Kevin Durant.
James who is approaching 38 years old, is ineligible to be traded because of the second year of his new extension exceeds a 5% raise. He was previously scheduled for unrestricted free agency after the 2022-23 season.