LeBron James has agreed to a two-year, $85 million extension with the Los Angeles Lakers, agent Rich Paul told Shams Charania of The Athletic and Stadium.
James is under contract for this season at $39.2 million. He had a player option for the 2021-22 season at $41.0 million, though Charania noted this extension will run through the 2022-23 season, superseding that player option and giving him a slight raise.
There may be a particular reason James chose to hit free agency in the summer of 2023—the chance to potentially play with his son Bronny if he reaches the NBA:
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Peter Sobat
Peter Sobat is a Los Angeles based creative entrepreneur who built his career in television, music videos, and documentaries. He helped develop the hit series Bridezillas, has directing and producing credits on MythBusters, Pimp My Ride, and Trading Spaces, and, as executive producer of Cypress Hill’s BReal TV, created The SmokeBox, which has generated billions of views. His award-winning music videos and documentaries have been shot on six continents for networks including CBS, MTV, ABC, ESPN, FOX, and Discovery, and for artists such as Snoop Dogg, Wiz Khalifa, Cypress Hill, Bone Thugs-N-Harmony, YG, Nipsey Hussle, and Wu-Tang Clan.
He founded BlurredCulture.com, a culture site that has reached millions of views, and The Bakerie, a cannabis brand that grew to operations in multiple states. Today he runs the Department of Peculiar Ideas (TheDopi.com), a boutique agency creating branding and campaigns for adidas, Nike, Ford, Ram, Japan Airlines, LAFC, Cookies, and High Times.