LeBron James is taking less so his Los Angeles Lakers can do more. The 20-time NBA All-Star reached agreement today to play on a contract below the maximum level he was eligible to sign for.
The hope is the Lakers can avoid salary cap restrictions down the line, ESPN first reported. James signed a two-year extension worth $101.35 million.
He could have taken a $104 million max deal, according to the media outlet. The Athletic reported the new contract also comes with a player option and a 15% trade kicker.
James reportedly wants the Lakers to acquire an “impact player,” according to his agent, Rich Paul of Klutch Sports. So far, that hasn’t happened, as the team swung and missed in its efforts to entice Klay Thompson or DeMar DeRozan in free agency.
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