(Photo : Justin Ford/Getty Images) MEMPHIS, TENNESSEE – LeBron James (#23) of the Los Angeles Lakers appears to be like on through the first half towards the Memphis Grizzlies at FedExForum on March 27, 2024 in Memphis, Tennessee.
Los Angeles Lakers star LeBron James will keep in Hollywood for the foreseeable future after agreeing to a two-year contract extension.
However, the NBA’s all-time main scorer took much less cash than the utmost he was eligible to obtain. Initially, it was reported that he signed a deal value $104 million for the following two seasons.
James defined, “When you’re in a relationship, there are things you have to do sometimes.” He needed to make sure the Lakers had extra flexibility so as to add extra key gamers to the roster, in response to league insider Tim Bontemps of ESPN.
The 39-year-old is in Las Vegas for Team USA’s coaching camp in preparation for the 2024 Summer Olympics in Paris, France.
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James made $47.6 million in 2023-24, and he’s projected to make $49.9 million subsequent season within the first 12 months of his new deal, as per numbers from HoopsHype.
LeBron James took a pay reduce on new contract
James signed a two-year contract extension with the Lakers value $101.355 million as an alternative of the utmost $104 million of the identical size that he was initially thought to signal.
The quantity is sort of a $3 million low cost, sufficient to maintain the Lakers about $45,000 under the second apron of the luxurious tax.
The contract additionally features a no-trade clause, a participant choice within the second 12 months, which might permit James to choose out and enter free company as soon as once more subsequent 12 months, and a 15 p.c commerce kicker he might earn if traded through the period of the contract.
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