Overview
- LeBron James exercised his 2025–26 player option, guaranteeing his return for a 23rd NBA season.
- Agent Rich Paul stressed James’s drive for another championship and indicated that potential trades will be assessed.
- NBA insider Brian Windhorst reports the Lakers have not held extension talks and now view James as an expiring asset.
- At least four teams have contacted James’s camp about possible trades, but CBA rules and luxury-tax limits pose major hurdles.
- Los Angeles is shifting toward a Luka Doncic-led rebuild and has shown interest in targets such as Damian Lillard to balance short-term aims with long-term planning.