LOS ANGELES LAKERS SUPERSTAR LeBron James has agreed to a two-year, $85 million contract extension, through to 2023, when he will be 38 years old, his agent, Rich Paul of Klutch Sports Group, told ESPN and multiple news outlets Wednesday.
This extension is a longer commitment than the NBA all star gave Cleveland in his last stop.
LeBron has said he wants the Lakers to be the final stop in his career, and Tuesday he took a big step to making that a reality.
NBC Sports reports that LeBron is set to make $39.2 million this season and the extension gives him an 8% raise that is larger than the team could have given him considering the salary cap is expected to go up 3% next season. This is the longest extension he could sign because the over-38 rule that limits contract length kicks in after it.
There is no official word yet if LeBron has a player option on the final year of this contract, but having one would fit the pattern of what he has always asked for, NBC Sports further reports.
