LeBron James contract

Last Modified Dec 28, 2023 09:34 GMT
NameLeBron Raymone James Sr
Height6 ft 9 in (2.06 m)
PositionSmall Forward / Power Forward
Age38 years
TeamLos Angeles Lakers
Net worthApprox $1 billion
Salary$47.6 million


LeBron James joined the Los Angeles Lakers in 2018 after agreeing to a 4-year, $153 million deal. After winning the NBA Championship in his 2nd season with the Lakers, King James renegotiated his deal and signed an extension for another 2 years worth $85 million keeping him with the team till the 2022-23 season.


According to Sportico, LeBron James has now earned over $1 Billion dollars between his on-court and off-court endeavors. James earned $431 million from his NBA contracts and $700 million from sponsorships and other investments.



Lebron James Contract
Lebron James Contract


Current contract$97.1 million over 2 years
2023-24$47,607,350 (approx.)
2024-25$51,415,938 (approx.)
2025UFA


How much is LeBron James getting paid?

LeBron James is set to make $47.6 million during the 2023-24 NBA season. At the time of signing this was the highest contract in league history. As per his latest contract, the NBA's career-leading scorer will remain with the Lakers past his 40th birthday as he has a player option for the 2024-25 season.


In the following year, LeBron will pocket a handsome base salary worth $51,415,938.


What are the terms of LeBron James Contract?

LeBron James' latest contract is worth $97.1 million and sees him through to the 2024-25 NBA season. The contract includes a player option for the year 2024 and has the potential to increase to $111 million if the salary cap increases to accommodate the rise.


Since James is already 38 years old, he is limited to signing a maximum two-year contract as per the league’s collective bargaining agreement (CBA).


Read more about LeBron James Net Worth.


How much does LeBron James make in a minute?

LeBron James makes approximately $90/minute.


How much of LeBron James contract is guaranteed?

On his current contract, he has a fully guaranteed $97.1 contract that runs through the 2024-25 NBA season with the last year being a player option. LeBron James deal as of now means that he will become an unrestricted free agent in 2025.


How many years left on LeBron's contract?

LeBron James contract which he signed prior to the start of the 2023-24 NBA season is a two-year deal with the Lakers. That means that James still has two years left on his contract and he will become an unrestricted free agent in 2025


LeBron James contract History

The following table shows a history of all LeBron contracts.


SEASONTEAMSALARY/STATUS
2023-24Los Angeles Lakers$47,607,350
2022-23Los Angeles Lakers$44,474,988
2021-22Los Angeles Lakers$41,180,544
2020-21Los Angeles Lakers$39,219,566
2019/20Los Angeles Lakers$37,436,858 ($37,678,600*)
2018/19Los Angeles Lakers$35,654,150 ($36,475,929*)
2017/18Cleveland Cavaliers$33,285,709 ($35,030,744*)
2016/17Cleveland Cavaliers$30,963,450 ($33,119,038*)
2015/16Cleveland Cavaliers$22,970,500 ($24,814,681*)
2014/15Cleveland Cavaliers$20,644,400 ($22,329,434*)
2013/14Miami Heat$19,067,500 ($21,051,220*)
2012/13Miami Heat$17,545,000 ($19,710,161*)
2011/12Miami Heat$16,022,500 ($18,299,290*)
2010/11Miami Heat$14,500,000 ($17,149,801*)
2009/10Cleveland Cavaliers$15,779,912 ($18,860,203*)
2008/09Cleveland Cavaliers$14,410,581 ($16,977,833*)
2007/08Cleveland Cavaliers$13,041,250 ($16,136,130*)
2006/07Cleveland Cavaliers$5,828,090 ($7,404,948*)
2005/06Cleveland Cavaliers$4,621,800 ($6,125,892*)
2004/05Cleveland Cavaliers$4,320,360 ($5,871,248*)
2003/04Cleveland Cavaliers$4,018,920 ($5,639,986*)


What was LeBron James biggest contract?

This 4 year $153 million contract with the Los Angeles Lakers was LeBron's biggest contract in terms of total money. However, his latest contract which is worth nearly $100 million in two years is his biggest contract in terms of average annual salary.


This LeBron James Lakers contract is one of the most lucrative contracts among all Los Angeles Lakers contracts. The top two Lakers players in terms of contract are James and Anthony Davis.


Can LeBron opt out of his Los Angeles Lakers contract?

Yes, LeBron can opt out of his contract as his current contract has a player option for the 2024-25 NBA season. The most intriguing part of his new deal is the fact that the 4-time NBA Champion has continuously expressed his desire to play in the NBA with his son. As Bronny James (LeBron Jr.), his oldest son is just one year away from being drafted, LeBron's long-time dream is about to become a reality.


Furthermore, LeBron's new deal will come to an end at the same time as that of Anthony Davis whose contract will also end after the 2024-25 season. This means that both players could choose to leave or extend with the Lakers in 2025 if they desire.

FAQs

A. LeBron James has an approximate net worth of $1 billion as per various sources. 

A. LeBron James' current contract is a 2-year deal worth $99,023,288 that runs through the 2024-25 season. 

A. Yes, LeBron James has a player-option inserted in his contract for the 2024-25 NBA season.

A. LeBron James is 38 years old as of October 2023. 

A. LeBron James played in 55 regular season and 16 postseason games in the 2022-23 NBA season.

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