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Lakers superstar LeBron James will once again make NBA history by playing in his 23rd NBA season.
James exercised his player option for $52.6 million to play for the Lakers during the 2025-26 season, his agent and CEO of Klutch Sports Rich Paul told The Times on Sunday morning.
James, the NBA’s all-time leading scorer, had been tied with Vince Carter for the most seasons played in the NBA at 22. This will be James’ eighth season with the Lakers.
James, 40, is 50 games away from breaking Hall of Famer Robert Parish’s record for the most games played in the regular season.
The Lakers helped address a need to increase their athleticism at the wing by acquiring Arkansas’ Adou Thiero, the No. 36 overall pick of the NBA draft.
James averaged 24.4 points per game last season, 8.2 assists and 7.8 rebounds.
Fellow Laker Dorian Finney-Smith reportedly declined his $15.3-million player option and will pursue free agency, a person with knowledge of his decision told The Times. Finney-Smith, who is coming off a strong season with the Lakers, is expected to be pursued by multiple teams. He could still return to the Lakers. ESPN was first to report Finney-Smith’s decision.
Last week, Austin Reaves declined the team’s maximum offer of four years for $89 million, according to a person with knowledge of the situation.
Reaves, 27, still has two years left on his deal, for $13.9 million next season and $14.9 million in the 2026-27 season, and he holds a player option for the last year of his deal.
He was third on the Lakers in scoring last season, averaging career-highs in scoring (20.2), assists (5.8), rebounds (4.5) and minutes per game (34.9). He shot 46% from the field and 37.7% from three-point range.
With the James and Smith player option questions resolved Sunday, the Lakers are focused on filling out their roster. They added an athletic wing player when they acquired Adou Thiero in a trade with the Minnesota Timberwolves, who drafted him with the 36th pick in the second round.
The most pressing need for the Lakers remains a center, and they’ll have to look into free agency or via trade to acquire one.
“As I said at the end of the year, we know one of the things we have to address is the center position and that’s clearly going to be one of our focuses as we begin the free-agency period,” Rob Pelinka, the Lakers’ president of basketball operations, told Spectrum SportsNet after the second round of the draft Thursday. “... “So, we’re looking forward to just putting in the hard work and making sure we take care of all the needs on the roster to give [Lakers coach] JJ [Redick] the tools he needs for this team to be great next season.”
While exercising his option required a commitment from James, he continues to closely monitor the moves of a franchise that has been through sweeping changes during the past year.
The Lakers hired JJ Redick, a widely respected basketball mind with no previous head coaching experience, and drafted James’ son, Bronny.
The franchise later executed a blockbuster trade, sending All-Star center Anthony Davis to Dallas in exchange for All-Star guard Luka Doncic.
Redick helped lead the Lakers to the playoffs before injuries and the lack of a center sealed the end of the team’s season.
“I don’t know what the roster will look like. I don’t know where I stand right now, but I think whatever happens, I think JJ is gonna continue to grow,” James said after the team was eliminated from the playoffs. “Thought he had a hell of a rookie campaign for a rookie coach. And it’s a lot different being a rookie coach. It’s already hard being a rookie coach in the NBA. And it’s a hell of a lot harder being a rookie head coach coaching the Lakers. It’s a whole ‘nother ballgame.
“And I thought he handled it extremely well. I thought he just learned every single day, held us accountable. He pushed us. I thought JJ and his coaching staff were great throughout the whole season. That was pretty cool.”
LeBron James becoming the first NBA player to reach 50,000 career points was meaningful because it created another way to appreciate his sustained excellence.
James wouldn’t commit to a decision about his future shortly after the Lakers were eliminated from the playoffs by the Minnesota Timberwolves, striking a tone similar to his comments after playoff series losses the previous two years.
“I don’t have an answer to that,” James said to questions about his future. “Something I sit down with my family, my wife and my support group and kind of just talk through it and see what happens. And just have a conversation with myself on how long I want to continue to play.
“I don’t know the answer to that right now, to be honest.”
The Lakers delivered another twist earlier this month, with the Jeanie Buss and her family selling majority control of the Lakers to Dodgers majority owner Mark Walter and TWG Global investment group.
Paul told ESPN that James resumed on-court basketball activity this week after suffering a sprained MCL in his left knee during the playoffs and is watching how the Lakers build around the 26-year-old Doncic.
“LeBron wants to compete for a championship,” Paul told ESPN. “He knows the Lakers are building for the future. He understands that, but he values a realistic chance of winning it all. We are very appreciative of the partnership that we’ve had for eight years with Jeanie [Buss] and Rob [Pelinka] and consider the Lakers as a critical part of his career.
“We understand the difficulty in winning now while preparing for the future. We do want to evaluate what’s best for LeBron at this stage in his life and career. He wants to make every season he has left count, and the Lakers understand that, are supportive and want what’s best for him.”
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