Lebron James has officially agreed to a two-year, $85 million extension with the Lakers according to agent Rich Paul.
James is still under contract for this upcoming season at $39.2 million. He had a player option for the 2021-22 season at $41.0 million, and the extension will run through the 2022-23 season, superseding that player option and giving him a slight raise. A solid business move yet again by James’ team.
James was named the 2020 NBA Finals MVP after leading the Lakers past the Miami Heat. He is the first and only player in NBA history to win the award with three different franchises. We can’t forget he also won the award with the Miami Heat in 2012 and ’13 and Cleveland Cavaliers in 2016.