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LeBron James Exercises Final Option, Holds Trade Leverage in Lakers’ Rebuild

Los Angeles declined to offer him an extension in favor of a Luka Dončić-led rebuild, drawing inquiries from at least four other franchises.

Al Horford of the Boston Celtics looks on during the second quarter against the Golden State Warriors at TD Garden on March 3, 2024, in Boston.
LeBron James #23 of the Los Angeles Lakers during game four of the Western Conference First Round Playoffs at Crypto.com Arena on April 27, 2024 in Los Angeles, California.
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LeBron James of the Los Angeles Lakers throws the ball back to a referee as he attends a 2025 NBA Summer League game

Overview

  • LeBron secured his $52.6 million salary for 2025–26 by opting into his final player option and kept a no-trade clause that gives him veto power over any move.
  • The Lakers front office has made clear it will not extend James’s contract, signaling a long-term strategy built around Luka Dončić.
  • At least four teams, including the Cleveland Cavaliers and Miami Heat, have contacted James’s representatives to explore potential trades.
  • Former teammates Udonis Haslem, Richard Jefferson and Channing Frye publicly pitched Miami and Cleveland as viable landing spots for James’s late-career title pursuit.
  • Rich Paul’s comment about evaluating LeBron’s remaining seasons has fueled ongoing trade speculation without any definitive agreement from either side.