LeBron James Signs $97M, Two-Year Extension With Lakers; Deal Pushes Star’s NBA Earnings Past $500M
17.08.2022 - 23:41
/ deadline.com
That sigh of relief you just heard after LeBron James’ two-year contract extension with the Los Angeles Lakers was announced was from execs at the NBA, TNT, ABC & ESPN.
The deal will keep the league’s marquee player in the league for at least two more years — health permitting. It means the 37-year-old James, who is “box office” in the parlance of ESPN’s Stephen A. Smith, will remain a player on the league’s marquee team through 2024, and possibly longer. That’s good for ratings, even if the Lakers can’t make the playoffs.
The agreement, as announced by ESPN’s Adrian Wojnarowski, is for “a two-year, $97.1 million contract extension – including a player option for the 2024-2025 season. James had been entering final year of deal worth $44.5M.”
The Lakers superstar will become “the highest earning player in NBA history with $532M in guaranteed money,” surpassing Brooklyn’s Kevin Durant, according to Wojnarowski.
James, of course, has a thriving career outside of basketball. His SpringHill Company, which he co-owns with Maverick Carter, received a minority investment valuing it at $725 million. It most recently had Turning The Tables With Robin Roberts renewed for Season 2 at Disney+. James has also proved his “box office” status theatrically, starring in and producing a remake of Space Jam last year, which faired fairly well for Warner Bros with more than $160 million in theaters worldwide.
BREAKING: 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, @KlutchSports CEO Rich Paul tells ESPN. James had been entering final year of deal worth $44.5M.
— Adrian Wojnarowski (@wojespn) August 17, 2022
The Lakers deal is remarkable in