Talks between James and Lakers general manager Rob Pelinka and coach Darwin Hamm were described as “excellent,” but no new deal was reached.
It’s unclear when such an extension would be reached, and James has until June 30, 2023, to sign the extension before becoming a free agent. Thursday was the first day James became eligible to sign a two-year, $97.1 million extension with the Lakers, the maximum length allowed for a player his age under the league’s collective bargaining agreement.
James will enter the final year of his two-year, $85.6 million contract with the Lakers this season. The 37-year-old averaged 30.3 points, 8.2 rebounds and 6.2 assists in 56 games last year in Los Angeles, though he failed to lead them to the playoffs two years after winning the NBA title.
How does James’ contract extension shake out? He said he wants to play in the league with his oldest son. Before retiring. Broney is entering high school this fall, and will be eligible to play in the NBA in 2024.
“My last year playing with my son,” James He said earlier this year. “Brony, wherever you are, that’s where I’m at. I will do whatever it takes to play with my son for a year. At that time it was not about the money.