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LeBron James

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LeBron James agrees to two-year contract

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LeBron James' agent, Klutch Sports Group, said that the Los Angeles Lakers and the NBA star have reached an agreement on a contract extension

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worth $97.1 million over two years, with a player option for the 2024–25 season.

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After the upcoming season, James was slated to become a free agent.

His career on-court earnings would reach $529 million if the four-time MVP exercised the option

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According to Spotrac. On the basis of current guaranteed contracts, the total is the highest in American sports history.

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he previous record was held by fellow NBA star Kevin Durant, who is ready to begin a four-year, $194 million contract with the Brooklyn Nets.

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His contract was worth $499 million. Mike Trout, a three-time MLB MVP, is third with $480 million.

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Due to a restriction in the NBA CBA for players who are 38 years old or older, James was only eligible for a two-year deal.

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In December, LeBron will turn 38. Based on current pay expectations for the 2023–2024 season, the extension's worth has been calculated.

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Even though the four-time NBA champion has made a fortune on the field, his earnings off it are more than double that amount.

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After retiring, Michael Jordan earned ten figures, making him the first NBA player to do so while still in the league.

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Since his selection in 2003, James has made an estimated $790 million via endorsements, merchandise, licensing, and his media company in addition to $370 million in pay (net of escrow deductions).

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James made $127 million in the calendar year that ended in May 2022.

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