LeBron James becomes highest paid NBA player ever after signing new deal with LA Lakers, according to reports

The new contract takes the 37-year-old to $532 million in guaranteed career earnings, making him the highest paid player in terms of salary in league history, surpassing Brooklyn Nets star Kevin Durant.

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The deal includes a player option for the 2024/25 season, meaning James can opt out of the final year of the contract if he no longer wishes to remain with the team.

CNN has contacted the Lakers to confirm the new contract.

The new deal puts an end to any idea that James, who is already an official billionaire, will become a free agent next year with the four-time NBA champion and MVP, instead focusing on making more history with the Lakers.

The new season kicks off on October 18, and if he stays injury-free, James should be on track to overtake Kareem Abdul-Jabbar as the NBA’s all-time leading scorer.

James averaged 30.3 points per game in 56 games last season, despite the Lakers missing the playoffs in a difficult season.

But the franchise now has the flexibility of the salary cap to add one more maximum contract player to the team, potentially bolstering the star-studded roster, which already includes James, Russell Westbrook and Anthony Davis.

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