The deal pays James a $48.73 million salary in 2024-25, which is $1.26 million less than the $49.99 million max salary James could’ve been paid this upcoming season.
LeBron James, of the Los Angeles Lakers, responds to a question from a reporter during training camp for the United States men’s basketball team Saturday, July 6, 2024, in Las Vegas. LeBron James officially re-signed with the Lakers on Saturday on a two-year, $101.35 million contract – around a $2.6 million discount that’ll keep the franchise below the second-apron threshold entering the 2024-25 season.
He could have signed a three-year deal for approximately $162 million but will return to the Lakers on what’s essentially a one-plus-one contract after opting out of his $51.4 million player option at the end of June. James signed his new deal with the Lakers before Team USA’s training camp in Las Vegas in preparation for this summer’s Paris Olympics.
James became the first player in league history to eclipse 40,000 career points on March 2 against the Denver Nuggets and extended his NBA-record double-digit scoring streak to 1,222 consecutive regular-season games.
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