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LeBron James, Los Angeles Lakers agree to 2-year, $97.1 million extension that includes 3rd-year player option

Los Angeles Lakers star LeBron James has agreed on a two-year, $97.1 million contract extension that includes a player option for the 2024-2025 season, Klutch Sports CEO Rich Paul told ESPN on Wednesday.

The extension, which includes a 15% trade kicker, makes James the highest-earning player in NBA history with $532 million in guaranteed money, surpassing Brooklyn Nets star Kevin Durant.

James is ineligible for a no-trade clause because he agreed on an extension -- not a new deal. But the new deal's starting salary of $46.7 million, the 15% trade kicker and James' stature as one of history's great players likely make him a Laker for as long as he chooses.