NBA Earnings Exceed $500M After Lakers Sign LeBron James to $97M, Two-Year Extension

LeBron James' two-year contract deal with the Los Angeles Lakers was revealed, and executives from the NBA, TNT, ABC, and ESPN breathed a sigh of relief.

If his health holds up, the agreement will keep the league's star player in the league for at least another two years.

In other words, the 37-year-old James, who ESPN's Stephen A. Smith refers to as "box office," will continue to play for the league's premier club through 2024, and potentially longer.

Even if the Lakers are unable to go to the playoffs, that is good for viewership.

The deal is a "two-year, $97.1 million contract extension with a player option for the 2024–2025 season," according to Adrian Wojnarowski of ESPN.

James was entering the last year of a $44.5 million deal.

The Lakers superstar will surpass Brooklyn's Kevin Durant to become "the highest earning player in NBA history with $532M in guaranteed money," according to Wojnarowski.

Of course, James has a successful career outside of basketball. A minority investment valued his SpringHill Company, which he co-owns with Maverick Carter, at $725 million.


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