The Los Angeles Lakers have re-signed forward LeBron James, it was announced today by Vice President of Basketball Operations and General Manager Rob Pelinka.
Albert Nahmad: LeBron James will now have 3 years, $124.9M remaining on his contract, after adding his 2-year, $85.7M extension. He won’t be allowed to extend his contract again until two years after this extension is officially signed.
This extension will take James through the 2022-23 season, giving him 20 seasons in the NBA. James is now set to make $39.2 million in 2020-21, $41,180,544 in 2021-22 and $44,474,988 in 2022-23.
Shams Charania: Los Angeles Lakers star LeBron James has agreed to a two-year, $85 million maximum contract extension with the franchise, CEO of Klutch Sports, Rich Paul, told @The Athletic @Stadium.
Chris Haynes: LeBron James is now under contract with the Los Angeles Lakers through 2023 after signing a two-year, $85 million contract extension, CEO of @Klutch Sports Rich Paul tells Yahoo Sports.
Dave McMenamin: LeBron James’ two-year, $85 million extension - as confirmed to ESPN by his agent, Rich Paul of Klutch Sports - will take him through the 2022-23 season, giving him 20 in the NBA. His oldest son, Bronny, is slated to graduate high school in 2023. The Athletic first w/ extension
January 18, 2021 | 4:31 pm EST Update
The average NBA franchise is worth nearly $2.4 billion, according to data compiled by Sportico. That is down 2% as a direct result of the pandemic, based on our modeling. Collectively, the fair-market value of the NBA’s 30 teams, including ownership’s stakes in real estate, regional sports networks and additional team-related holdings, is more than $71 billion. Three franchises—the New York Knicks, Golden State Warriors and Los Angeles Lakers—are each worth more than $5 billion. (For context, each of those teams has a greater fair-market value than any National Football League team except for the Dallas Cowboys, based on Sportico‘s assessment of football team valuations last August.)
To be sure, the cumulative revenue for the NBA’s 30 teams, $8.3 billion, was down from the previous, non-COVID-impacted season by nearly 10%. However, a closer look reveals that national revenues (accrued predominantly from the league’s broadcast and sponsorship deals, as well as its licensing program) dipped only 2%. That, in large measure, is because of the NBA’s audacious plan to salvage the season with a playoff bubble at Orlando’s Walt Disney World. In a disrupted COVID environment, such single- and low double-digit declines represent remarkable stability.
Andrew Lopez: Stan Van Gundy says Lonzo Ball did practice today and did everything in practice when they went live. Said they’ll see how he feels later before making a determination for tomorrow’s game against Utah.
Gordon Hayward: An incredible man whose legacy resonates to this day. #MLKDay pic.twitter.com/Gb9BoQlfG8
January 18, 2021 | 4:23 pm EST Update
Tony East: Kevin Pritchard discussing LeVert and the mass on his kidney on @1075thefan : “We got comfortable with the medical. We are getting more comfortable every single day. He’s probably going to have surgery.”