Published 12:06 IST, December 3rd 2020

How much will Lebron James earn at Lakers? $85 million contract breakdown

How much will LeBron James earn? This Wednesday (Thursday IST), the Los Angeles Lakers and James agreed to an $85 million contract extention.

Reported by: Devika Pawar
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LeBron James could end his NBA career with Los Angeles Lakers. On Wednesday (Thursday IST), reports confirmed a two-year contract extension for James. While y are yet to finalize a contract with Anthony Davis, James time with Lakers is extended till 2020-23 season. 

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How much will LeBron James earn with LA Lakers? 

In 2018, James signed Lakers after his second stint with Cleveland Cavaliers. While his first season with team did not end in a playoff appearance, James led team to ir record-tying 17th title in October. Though James will be around 39 when his time with Lakers ends, team is aiming for a two-peat with both James and Davis on ir roster. 

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LeBron James contract breakdown and Lakers budget

James' $85 million two-year contract extension will mean he will have earned $435 million in NBA by 2022-23. His last four-year contract with Lakers was worth $154 million, with a player option in last year. With extension, James has somewhat confirmed his stay at Lakers, even though he might no longer be in his prime. 

new contract will be effective after 2020-21 season. Per Spotrac, James will earn $36,879,761 for next season. After that, he will see a $180,000 increase in his yearly salary. By 2022-23, James will be earning $44.47 million. He will make more than $41 million during 2021-22 season. With this, James will make over $190 million while with Lakers. 

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Also re | LeBron James could be open to Pau Gasol's return to Lakers for one final season

Lakers might not have enough cap space anymore, which might even squash ir reported hope of signing Giannis Antetokounmpo eventually. team even petitioned NBA to remove Luol Deng's de $10 million. However, it was not expected. y even ended contracts with Quinn Cook and Jordan Ball, trying to save some cap space for next season.

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However, ir waived salary ($1.6 million), might not let m sign a 15th player at start of season. team has a tax-apron or hard cap of $138.9 million. team can eventually sign anor player on buyout market. 

Also re | LeBron James salary: LeBron James contract extension with Lakers is worth $85 million

(Image credits: AP)

12:06 IST, December 3rd 2020