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LOS ANGELES, CA (SNN-TV) – Earlier today, per Klutch Sports CEO Rich Paul, Los Angeles Lakers star LeBron James has agreed to a two-year, $97.1M contract extension that includes a player option for the 2024-25 season.

The extension, which includes a 15% trade kicker, makes James the highest-earning player in NBA history with $532 million in career guaranteed money. The new contract’s starting salary is $46.7M.

With the deal, the four-time NBA champion and MVP and 18-time All-Star eliminates concern that he could enter free agency next summer.