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The contract includes an extension option for another year
through the 2024-25 season, his agent Rich Paul said.
James, who had been entering the final season of his current
deal worth $44.5 million, turns 38 in December and is therefore
limited to signing a two-year extension as he will be 38 or
older when the deal expires.
The extension will make the four-times NBA champion and MVP the
highest-earning player in NBA history with $532 million in
career guaranteed money, overtaking Brooklyn Nets forward Kevin
Durant.
In February, James pushed back on speculation that he was
looking to move on from the underperforming Lakers, saying he
intended to stay with the team for as long as he can play.
The Lakers missed the playoffs in 2022, despite James averaging
30.3 points, 8.2 rebounds and 6.2 assists. Injuries limited him
to 56 games.
(Reporting by Anita Kobylinska in Gdansk, editing by Ed Osmond)
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