LeBron James set to sign a new two-year deal worth $85m with LA Lakers

LeBron James is on the verge of signing a two-year contract extension with the Los Angeles Lakers, which is worth a reported $85m (£63m).

Often regarded as one of the best players to have ever graced the game, LeBron James

has been in terrific form ever since he joined the Lakers as he led them to their

 first NBA title in a decade in October.

The 35-year-old’s agent, while speaking with ESPN, noted that his contract would run

until the end of the 2022-23 season – his 20th in the NBA.

He will become a free agent in the same year in which his 16-year-old son Bronny is

slated to enter the NBA when he graduates from high school.

LeBron James was named this year’s finals’ most valuable player and became the first

player to win the title with three different teams, having twice won it with Miami Heat and once

with the Cleveland Cavaliers.

His career earnings will approach $435m (£324m) by the end of his Lakers deal.

The Lakers will play the Los Angeles Clippers in their opening game of the new NBA season 

on 22 December, and James says the Lakers “absolutely can” retain their title, telling the ‘Road Trippin” podcast: “We can. I mean, it’s that simple.”