According to reports, LeBron James and the Los Angeles Lakers have reached an agreement on a two-year, $97.1 million deal extension.
The 37-year-old NBA veteran is extending his stay in Los Angeles, per tweets from Shams Charania of The Athletic and Adrian Wojnarowski of ESPN.
On Wednesday, Rich Paul, the CEO of Klutch Sports, confirmed the extension to ESPN. According to ESPN, the agreement makes James the highest-paid player in NBA history, with $532 million in guaranteed earnings over the course of his career.
Despite James scoring 30.3 points per game in his 19th season, the Lakers had a difficult season and failed to make the playoffs.
It was planned that LeBron’s initial $44.5 million contract would end after this coming season. After two seasons, the contract will now expire simultaneously with Anthony Davis’ due to the extension.
The next two seasons will be spent in Los Angeles with the four-time NBA champion and the expectation that the city will win another championship.