Lakers’ LeBron James Opting Out To Become Free Agent

4:18pm: Confirming James’ opt-out decision, agent Rich Paul tells Dave McMenamin of ESPN (Twitter link) that the star forward is open to discussing a deal worth less than the max if it means adding another impact player.

“He is prioritizing a roster improvement,” Paul said of James. “He’s been adamant about exuding all efforts to improve the roster.”


11:16am: Lakers superstar LeBron James is declining his $51.4MM player option for the 2024/25 season, according to The Athletic’s Shams Charania (Twitter link).

While the move will technically make James a free agent, the expectation is that he’ll return to the Lakers on a new deal, Charania reports. Tim Reynolds of The Associated Press confirms that LeBron plans to seek a new agreement with Los Angeles.

This was the expected move, as we previously relayed. As cap expert Yossi Gozlan observes (Twitter link), James can re-sign with the Lakers for a maximum of $162MM over three years, which would take him through his age-42 season. Additionally, he’s eligible for a no-trade clause.

The Lakers’ team salary would be in first-apron territory if they bring James back at the max. However, he may be willing to be flexible.

Chris Haynes of Bleacher Report (Twitter link) says the four-time MVP would be open to accepting a lower salary to help the club access the full non-taxpayer mid-level exception ($12.9MM) if there’s a target that makes sense. Keith Smith of Spotrac (Twitter link) explores what that math might look like.

The Lakers selected LeBron’s son, Bronny James, with the No. 55 overall pick in the 2024 draft on Thursday. Re-signing with the Lakers would allow for the elder James to play next to his son, something he’s expressed interest in doing in the past.

LeBron has maintained a high level of play even through his age-39 season, averaging 25.7 points, 7.3 rebounds and 8.3 assists while shooting 54.0% from the field and 41.0% from three in 71 games last season. His 71 games played last year represented his highest regular season total since 2017/18 with Cleveland, and LeBron helped push the Lakers to the playoffs, where they fell in five games to the Nuggets.

While the Lakers lost in the first round, they were competitive against the reigning champs, having been outscored by 11 points in the series. With new coach J.J. Redick on board, Los Angeles seems poised to build on its core heading into next year.

LeBron’s spent the last six seasons of his career with Los Angeles, winning a ring in ’19/20 and passing several milestones while donning the purple-and-gold, including becoming the NBA’s all-time leader in points scored.

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