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According to Adrian Wojnarowski of ESPN, the Los Angeles Lakers star LeBron James has agreed on a two-year, $97.1 million contract extension – including a player option for the 2024-2025 season.

James had been entering the final year of the deal worth $44.5 million. The deal can increase to $111 million if the salary cap in 2023-2024 rises to a substantially higher number.