The brand new contract takes the 37-year-old to $532 million in assured profession earnings, making him the very best paid participant by way of wage within the league’s historical past, surpassing Brooklyn Nets star Kevin Durant.
The deal features a participant choice for the 2024/25 season, which implies that James will have the ability to decide out of the ultimate 12 months of the contract if he now not needs to stick with the staff.
CNN has reached out to the Lakers to verify the brand new contract.
The brand new season will get underway on October 18 and, if he steers away from damage, James ought to be on monitor to overhaul Kareem Abdul-Jabbar because the NBA’s all-time main scorer.
James averaged 30.3 factors per recreation in 56 appearances final season regardless of the Lakers lacking the playoffs in a tough season.
However the franchise now has the salary-cap flexibility so as to add one other max contract participant to the staff, doubtlessly bolstering the star-studded roster which already boasts the likes of James, Russell Westbrook and Anthony Davis.