The L.A. Lakers are doing everything they can to keep LeBron happy. Recent negotiations between LeBron James and the Los Angeles Lakers resulted in a hefty two-year contract extension for $97.1 million. LeBron James has now become the highest paid player in NBA history.
LeBron James, the most valuable player in the NBA, and the Los Angeles Lakers have just agreed to a two-year contract extension worth up to $97.1 million, according to several publications. The 37-year-old will become the highest-paid player in NBA history as the new contract brings his total guaranteed earnings for his entire career to $532 million.
CNN claimed that the contract will make the diminutive forward significantly richer than his already established status as a billionaire, albeit this has not been confirmed by the player’s camp. Prior to this declaration, it had been rumored that James would become a free agent the following year. That’s all over with thanks to the alleged contract extension.
According to CNN, James is expected to pass Kareem Abdul-Jabar and become the NBA’s all-time greatest scorer when the season debuts on October 18. The most recent of James’s financial successes is this amazing payoff. He is one of the most business-savvy NBA players in the game, according to a previous Essence story.
James has outlined a course for extraordinary commercial success with endorsements from household names like Sprite, Nike, and McDonald’s, among others. But for him, that’s only the tip of the iceberg. Being a wise investor, he invested early in companies like Beats by Dre, Blaze Pizza, and Fenway Sports. James reportedly earned more than $900 million from company investments and sponsorships, according to Forbes. Stay tuned to Thirsty for latest NBA news and stories.
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