LeBron James has signed a two-year, $104 million deal with the Los Angeles Lakers, according to sources familiar with the matter.
This contract sets a new record for an NBA player of his age and pushes his net worth to almost $1.5 billion based on estimates from the Bloomberg Billionaires Index.
At 39 years old, James remains one of the league’s top superstars, holding the all-time scoring record and maintaining an average of 25.7 points per game last season.
His enduring performance on the court, coupled with this lucrative contract, underscores his continued dominance in professional basketball.
James’ wealth is not only derived from his NBA salary but also from an extensive portfolio of sponsorships, investments, and his own ventures.
His business empire includes the SpringHill Co., a consumer and entertainment company valued at approximately $725 million.
The company received significant investment from Nike Inc., among others, in 2021.
James’ lifetime deal with Nike is projected to bring in $1 billion, adding to his financial achievements.
Also, he earned over $100 million from the sale of Beats Electronics to Apple Inc. in 2014. His diverse investments include a 1% stake in Fenway Sports Group, which owns the Boston Red Sox, Pittsburgh Penguins, and Liverpool Football Club.
The new contract also aligns with James’ personal aspirations, allowing him to play alongside his 19-year-old son, Bronny James Jr., who was recently drafted by the Lakers and agreed to a four-year, $7.9 million deal.
This father-son duo marks a significant milestone in NBA history.
LeBron James has long expressed his goal of owning an NBA franchise, and this latest contract brings him closer to achieving billionaire status, a crucial step towards that dream.
His financial success mirrors his extraordinary career on the court, where he has been a dominant force since being drafted first overall by the Cleveland Cavaliers in 2003.
As James enters his 22nd NBA season, his influence extends far beyond basketball. His financial acumen and strategic investments have solidified his place as one of the wealthiest athletes in the world, trailing only behind legends like Michael Jordan, who recently sold his stake in the Charlotte Hornets, amassing a net worth of over $4 billion.
James’ continued success both on and off the court exemplifies his moniker “King James,” showcasing his unparalleled talent and business savvy.
With his latest contract, LeBron James reaffirms his position as a leading figure in sports and business, inspiring athletes and entrepreneurs alike.
