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LeBron James Net Worth: The Financial Impact of The King signing with the Lakers

Yash Matange
Modified 20 Dec 2019, 16:39 IST

#3 Contract has a player option after the 3rd year

LeBron James Banner Removed From Outside Cleveland Cavaliers
LeBron James Banner Removed From Outside Cleveland Cavaliers' Quicken Loans Arena

In his second stint with the Cavs, LeBron never signed a deal that had kept him with the team for more than two guaranteed years. His longest deal was a 3-year $100 million offer that he signed in 2016, to make maximum use of the rising cap.

Over the four years (2014-18), he signed three contracts. He came back on the guarantee from owner Dan Gilbert that money would not be an issue while setting up a championship contending team. Despite getting that guarantee, he held his short-term contract as leverage.

His first contract, in 2014, was a 2-year deal worth $42.2 million with a player option for the second year. He opted out of that (worth $21.6 million) and signed another contract in the summer of 2015 - 2-years and 47 million with another player option at the end of the first year. Once again, in the summer of 2016, he opted out of $24 million and then signed a 3-year deal worth $100 million with an opt-out clause at the end of the second year (which he exercised to sign with the Lakers).

Published 10 Jul 2018, 11:42 IST
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