LeBron James has put pen to paper on a new two-year contract with the LA Lakers worth a staggering $85 million [£63million], according to LA Times.
James, 35, became a four-time NBA champion last season when the Lakers claimed victory over the Miami Heat with a decisive win in Game 6.
The basketball icon, who also became a four-time NBA Finals MVP, last year, is heading into his third season in LA having previously claimed titles with the Cleveland Cavaliers and Miami.
James has agreed a new two-year contract extension worth £63million with Frank Vogel’s team.
The forward averaged 25.3 points in the regular season, as well as a league-high 10.2 assists and 7.8 rebounds per game.
He also produced the second most amount of triple-doubles with 13 and averaged a career-low 34.6 minutes across his 67 appearances.