LeBron James signed a two-year extension with the Los Angeles Lakers for $101.35 million, sources told Bobby Marks of ESPN.

The deal is $2.7 million below the $104 million max. James’ contract places the Lakers below the second apron.

James will have a player option for the second season, along with a default no-trade clause. 

The contract takes James through 23 seasons in the league. 

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