LeBron James is officially set to remain with the Los Angeles Lakers for the 2024-2025 NBA season after declining his player option and subsequently signing a new two-year contract. The deal, which includes a player option for the second year, ensures the league’s all-time leading scorer stays in Los Angeles as he enters his 22nd professional season.
The Details of the New Contract
According to ESPN’s Adrian Wojnarowski, James signed a two-year, $101.35 million maximum contract with the Lakers. This deal includes a player option for the 2025-2026 season and a no-trade clause. By structuring the contract this way, James maintains flexibility regarding his future while securing a significant salary increase.
The signing follows James’ decision to decline his $51.4 million player option for the 2024-2025 season in late June. This move was widely viewed as a tactical step to allow the Lakers the financial space to address roster needs, including the pursuit of additional talent during free agency.
Why the No-Trade Clause Matters
The inclusion of a no-trade clause in James’ contract is a rare and significant detail in modern NBA transactions. As reported by The Athletic, this provision grants James complete control over his destination should the Lakers ever explore a trade.
Historically, few NBA players have negotiated such clauses. The protection allows James, who will turn 40 in December, to dictate the terms of his tenure with the franchise as he approaches the latter stages of his career. It signifies a unique alignment between the player and the organization, prioritizing stability for the veteran star.
Contextualizing the Lakers’ Offseason
James’ decision to return comes amid a period of transition for the Lakers organization. Following a first-round playoff exit in the 2024 postseason, the team hired JJ Redick as their new head coach.
The move also keeps alive the possibility of James playing alongside his son, Bronny James, who was selected by the Lakers with the 55th overall pick in the 2024 NBA Draft. According to official NBA records, should they appear on the floor together, they will become the first father-son duo to play in the NBA simultaneously.
Frequently Asked Questions
Is LeBron James a free agent?
No. After initially declining his player option, James signed a new contract with the Lakers, ending his status as an unrestricted free agent.
How long is LeBron James’ current contract?
The contract is for two years, totaling $101.35 million, with a player option for the second year.
Does LeBron James have a no-trade clause?
Yes. His new deal with the Lakers includes a no-trade clause, giving him the final say on any potential trade.
Will LeBron James play with his son?
Bronny James is currently on the Lakers’ roster, making it possible for the pair to become the first father-son duo to share the court in NBA history.