LeBron James agrees to two-year $85M extension, reports

James signed a four-year, $153.3 million contract with the Lakers in July 2018 that included a $41 million player option for 2021-22, which could have made him a free agent next summer.

James, who turns 36 on Dec. 30, averaged 25.3 points, an NBA-leading 10.2 assists and 7.8 rebounds in 67 games last season.   -  Getty Images

LeBron James and the Los Angeles Lakers agreed to a two-year, $85 million maximum contract extension through the 2022-23 season, his agent Rich Paul of Klutch Sports told multiple media outlets Wednesday.

James, who turns 36 on Dec. 30, averaged 25.3 points, an NBA-leading 10.2 assists and 7.8 rebounds in 67 games last season.

The 16-time All-Star and four-time Most Valuable Player won his fourth NBA championship, earning Finals MVP honors against the Miami Heat.



READ: Popovich knows filling U.S. Olympic roster may be a challenge

James signed a four-year, $153.3 million contract with the Lakers in July 2018 that included a $41 million player option for 2021-22, which could have made him a free agent next summer.

According to ESPN, James is now set to make $39.2 million in 2020-21, $41.2 million in 2021-22 and $44.5 million in 2022-23.

He enters his 18th NBA season in 2020-21 ranked third on the NBA's all-time scoring list with 34,241 points, behind only Kareem Abdul-Jabbar (38,387) and Karl Malone (36,928).

  Dugout videos