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LeBron James agrees to 4-year, $154M contract with LA Lakers

02 July 2018

LeBron James has agreed to a four-year deal worth $154 million to sign with the Los Angeles Lakers, his agency Klutch Sports Group announced with a press release on Sunday night.

In fact, losing James in free agency would drop the team below the league's luxury tax line for the first time in quite a while. James has two homes in Los Angeles and a production company in L.A.

Paul also represents Simmons and James has been complimentary of the Rookie of the Year.

The bonanza started Saturday night when Durant made a decision to sign a two-year, $61.5 million deal with the stay with the two-time defending champion Golden State Warriors, one where he'll make $30.5 million this season.

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As well as George, Kevin Durant and Chris Paul are also staying put for now with the NBA's two leading teams.

With this move, the Kawhi Leonard sweepstakes take on a much bigger significance for all parties involved. James has a handful of people close to him that he really trusts and outside of them, everyone is being kept in the dark, mostly.

Never-the-less, Cleveland still has the advantage to woo back James: The team can offer a max contract of $207 million over five years, compared to the $152 million over four years he could receive from another team.

James leaves the franchise as its leader in almost every major statistical category: games played, points, rebounds, assists and steals. He's owed $24.1 million next year and has a $25.6 million option for the following year. The Lakers have won 16 National Basketball Association titles in their illustrious history, but have not made the playoffs since 2013.

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He flew to Los Angeles on Saturday, creating a frenzy without saying a word.

Embiid posted a message on Twitter that seemed to be directed at No. 23 and what it might be like to walk in the footsteps of Lakers legends like Johnson, Kobe Bryant, Kareem Abdul-Jabbar, Wilt Chamberlain, Jerry West and Shaquille O'Neal.

In Cleveland, ticket broker Mark Klang of Amazing Tickets said he anticipated that the tickets he held for next season would lose 60 percent of their value, the same thing that happened when LeBron left Cleveland the first time to go to Miami.

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LeBron James agrees to 4-year, $154M contract with LA Lakers