LeBron James is currently a member of the Los Angeles Lakers, but that may soon change. By Sunday night, James is expected to opt out of his contract with the Lakers, turning down a $51.4 million player option to enter free agency along with other players in his class at 6 p.m. ET.
Despite being in his 22nd NBA season, James shows no signs of slowing down. Retirement discussions have surfaced in recent years, but it was always assumed that James would continue playing alongside his son in the NBA.
The question remains: will James pass up the opportunity to play alongside his son, Bronny? Let’s delve into the reasons behind the NBA legend’s decision to become a free agent.
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Why did LeBron James choose to opt out?
According to The Athletic’s Shams Charania, James is likely to sign a new contract with the Lakers. This news isn’t surprising, especially after his son’s selection and the appointment of his close friend, JJ Redick, as head coach.
So, why did James opt out in the first place? There are several advantages.
Instead of playing out the final year of his contract for $51.4 million, James could potentially sign a three-year, $162 million deal with the Lakers. Not only does this offer an increase of $2.6 million for the 2024-25 season, but it also provides the four-time NBA champion with more long-term security up to his 24th season.
A new contract in free agency could also grant James a no-trade clause if he desires. This level of protection would not have been possible through a simple extension, ensuring that James has control over his future. Additionally, James hopes that his new deal will open up a mid-level exception for the Lakers, allowing them to bolster their roster.
By entering free agency, James might push the Lakers to enhance their team. If he is dissatisfied with the current roster, James could explore offers from other teams, potentially prompting GM Rob Pelinka to make impactful trades.
While it’s not uncommon for James to enter free agency without any intention of leaving his current team, Lakers fans shouldn’t be alarmed. Given recent developments within the franchise, it’s unlikely that the all-time points leader will depart from Los Angeles.
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LeBron James’ contract outlook
If James returns to the Lakers, he could sign a three-year, $162 million contract, averaging $54 million per year until the 2026-27 season, his 24th in the NBA.
While a long-term contract doesn’t guarantee James will play until 2027, it does offer stability and the potential for a no-trade clause, giving him control over his future. This contract also exceeds the $51.4 million he would have earned through his player option.
Next season, James is set to surpass $500 million in career earnings solely from NBA contracts.
How old is LeBron James?
James is currently 39 years old, with his 40th birthday approaching on Dec. 30.
Despite his age and the physical toll of playing in the NBA, James has maintained an impressive level of performance. In his age-39 season, he averaged 25.7 points, 7.3 rebounds, and 8.3 assists per game, showcasing his enduring skills.
While it’s uncommon for a 40-year-old to earn $54 million annually in the NBA, the Lakers are likely to accommodate James’ contract demands without hesitation.