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Lakers’ Updated Salary Cap After LeBron James’ $97.1M Contract Extension

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LA Lakers star LeBron James decided to a contract extension Wednesday which will fatten his pockets.

James’ agent, Rich Paul of Klutch Sports Group, told ESPN’s Adrian Wojnarowski that the 37-year-old has signed a two-year, $97.1 million deal which includes a new player option for the 2024-25 season. James is making $44.5 million this year in the ultimate year of his previous contract.

Per Wojnarowski, James’ deal could are as long as $111 million if the 2023-24 salary cap “rises to a substantially higher number.” Per Spotrac, James is scheduled to create $46.7 million in the initial year of his extension and $50.4 million in 2024-25.

This year, Spotrac calculates the Lakers to possess total salary of $183.5 million, putting the team $59.8 million on the cap. Including James, LA only has eight players under contract for 2023-24, three of whom are on training camp/Exhibit 10 deals. When factoring in James’ extension, the Lakers are projected to possess a maximum possible salary-cap space of $31.9 million next year.

A four-time NBA champion, James will desire to lead LA back again to prominence after helping the team win an NBA title in 2020. The Lakers had a disappointing campaign in 2021-22, finishing with a 33-49 record and falling lacking the postseason. James missed 26 games while coping with injuries over summer and winter.

If the Lakers can remain healthy this season, they ought to establish themselves as contenders in the Western Conference.

Under new head coach Darvin Ham, LA is likely to improve on defense and solve its chemistry issues. James, Anthony Davis and Russell Westbrook are entering their second year together, plus they reportedly are focused on one another once they found a knowledge earlier this offseason.

With James in the fold for another three seasons (if he exercises his option for 2024-25), the Lakers can look to hoist the Larry O’Brien Trophy a minumum of one more time prior to the greatest player of his generation calls it a lifetime career.

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