Los Angeles Lakers star LeBron James has agreed to a two-year, $85 million contract extension with the team, his agent Rich Paul told ESPN and various outlets Wednesday.
James, who will turn 36 later this month, averaged 25.3 points per game last season and led the NBA in assists with 10.2 per game.
The deal ties James to the Lakers through the 2022-23 season, which would be his 20th in the NBA.
James will now have salaries of $39.2 million in 2020-21, $41,180,544 in 2021-22 and $44,474,988 in 2022-23.
James was named MVP of the 2020 NBA Finals after leading the Lakers to beat the Miami Heat in six games (he finished second in the regular-season MVP vote behind Giannis Antetokounmpo). He became the first player in NBA history to win the championship with three different franchises, after also winning with the Heat in 2012 and 2o13 and with the Cleveland Cavaliers in 2016.
The Lakers have yet to sign James’ All-NBA teammate Anthony Davis back, although he is expected to eventually reach a new deal with the team.
James expressed his confidence in the Lakers’ ability to repeat during a recent podcast appearance.
“We can (repeat). I mean, it’s that simple,” James said in an episode of the “Road Trippin” podcast, hosted by Richard Jefferson, Channing Frye and Allie Clifton, which aired Tuesday on Spectrum SportsNet. “We absolutely can … First of all, it all starts with health. You have to have some luck. You have to be healthy. If we can stay healthy [podemos repetir]”.
James’ eldest son, Bronny, will graduate from high school in 2023.