AP Source: LeBron James Agrees To Extension With Los Angeles Lakers

Jul 3, 2024, 10:12 AM

Follow @kslsports...

LOS ANGELES, California – LeBron James is making it official: He’s coming back for a record-tying 22nd season in the NBA, one where the league’s all-time scoring leader could share the floor with his son Bronny as teammates with the Los Angeles Lakers.

James has agreed to a two-year contract to remain with the Lakers, a person with knowledge of the negotiations said Wednesday. The second year of the deal is at James’ option and means he could become a free agent again next summer, said the person, who spoke to The Associated Press on condition of anonymity because the agreement had not been announced publicly.

ESPN reported that the Lakers and James’ agent, Klutch Sports CEO Rich Paul, may agree on a salary slightly less than the max that James could have gotten — a move that could keep the team from reaching the second apron and preserve some roster flexibility going forward.

Either way, the expectation is that James will make around $50 million — give or take a little bit — this coming season, pushing his career on-court earnings to around $530 million and making him the first player in NBA history to eclipse the $500 million mark.

RELATED: Salt Lake City, Smith Entertainment Group Downtown Plan Revealed

It will be James’ 22nd season in the NBA, tying Vince Carter for the league record. The Lakers selected Bronny James last week in the second round of the draft, putting them in position to have the first on-court father-son duo in NBA history.

Getting the deal done clears one logistical hurdle: LeBron James needed a new deal in place before he could take the floor with USA Basketball for the start of its training camp in Las Vegas this weekend, one where the squad will start preparations for the Paris Olympics. James will play in the Olympics for the fourth time, his first since helping the U.S. win gold at the 2012 London Games.

He’ll turn 40 in December and averaged 25.7 points, 7.3 rebounds and 8.3 assists last season — as the oldest active player in the league.

Not only is James the all-time leader in points (40,474), but he’s fourth in assists (11,009), sixth in games played (1,492), and eighth in both 3-pointers made (2,410) and steals (2,275).

His 20 All-Star selections is a record, as are his 20 appearances on the All-NBA team. He holds the records for being both the youngest player, and oldest player, to make an All-NBA squad.

James became the youngest to make All-NBA when he was voted onto the team for the 2004-05 season. This past season, he became the first player to be age 39 or older in what became an All-NBA campaign.

Kareem Abdul-Jabbar and Tim Duncan were both just a few days from turning 39 when the regular seasons ended in what became their final All-NBA campaigns, Abdul-Jabbar’s being 1985-86 and Duncan’s being 2014-15. James played in 71 games this past season, the last 42 of those coming after he turned 39.

KSL 5 TV Live

KSLSports Feed

Follow @kslsports...

KSL Sports

Bronny James Gifts BYU WR JoJo Phillips Signed Game Jersey

Bronny James reunited with his former high school teammate JoJo Phillips and gifted the BYU wide receiver a signed game jersey.

4 hours ago

Follow @kslsports...

KSL Sports

Luka Doncic Carves Time To Sign Autographs For Fans In Utah

Luka Doncic made time on Wednesday to sign autographs for his fans in Utah as the Los Angeles Lakers faced the Jazz.

5 hours ago

Follow @kslsports...

KSL Sports

Jazz Get Revenge Over Doncic, Lakers 131-119

SALT LAKE CITY – The Utah Jazz sent Luka Doncic and the Los Angeles Lakers into the All-Star break with a 131-119 loss. Lauri Markkanen led all scorers with 32 points while the Lakers were led by Rui Hachimura who scored 19. Game Blog: Jazz Blowout Lakers In Salt Lake City Jazz Guards Stuff Stat […]

5 hours ago

Follow @kslsports...

KSL Sports

Jazz Sink Lakers In Home Blowout

NBA-title hopeful Los Angeles Lakers take their traveling circus on the road to face the Utah Jazz three days after beating Utah by 19.

6 hours ago

Follow @kslsports...

KSL Sports

Three-Point Barrage Helps Jazz Pull Away From Lakers

SALT LAKE CITY - The Utah Jazz are firing on all cylinders, building a 20-point lead over the superstar-laden Lakers late in the third quarter.

7 hours ago

Follow @kslsports...

KSL Sports

Howard Eisley Returns To Delta Center As Jazz Host Lakers

SALT LAKE CITY - Former Utah Jazz backup point guard Howard Eisley is in the house at Delta Center tonight, returning to his former NBA home. 

7 hours ago

Sponsored Articles

luxury living room with a classic white sofa and sofa, interior design...

Lighting Design

Revisiting home lighting trends for 2025

Looking for inspiration to revamp your home lighting? This article outlines some of the emerging lighting trends for 2025.

holiday gift basket with blue tissue paper and gingerbread cookies...

Kneaders Bakery & Cafe

Holiday hacks for a stress-free season

Get more out of your time with family and loved ones over the holidays by following these tips for a stress-free season.

2 computer techs in a computer shop holding up a computer server with the "hang loose" sign...

PC Laptops

A comprehensive guide to choosing the right computer

With these tips, choosing the right computer that fits your needs and your budget will be easier than ever.

crowds of people in a German style Christmas market...

This Is The Place Heritage Park

Celebrate Christkindlmarket at This Is The Place Heritage Park!

The Christkindlmarket is an annual holiday celebration influenced by German traditions and generous giving.

Image of pretty woman walking in snowy mountains. Portrait of female wearing warm winter earmuff, r...

Lighting Design

Brighten your mood this winter with these lighting tricks

Read our lighting tips on how to brighten your mood in the winter if you are experiencing seasonal affective disorder.

A kitchen with a washer and dryer and a refrigerator...

Appliance Man

Appliance Man: a trusted name in Utah’s home appliance industry

Despite many recent closures of local appliance stores, Appliance Man remains Utah's trusted home appliance business and is here to stay.

AP Source: LeBron James Agrees To Extension With Los Angeles Lakers