LeBron James’ Contract Update Will Handicap The Lakers

LOS ANGELES – The Los Angeles Lakers are entering one of the most transformative offseasons in recent history. For the first time since 1979, the Lakers will have new ownership in charge. The Buss family, holding a majority stake, agreed to sell a portion to businessman Mark Walter, valuing the team at $10 billion. Additionally, this will mark Luka Dončić’s first offseason in Los Angeles following the blockbuster midseason trade that sent Anthony Davis and Max Christie to the Dallas Mavericks. The Lakers have strong reasons to be optimistic as all signs point upward. Senior NBA insider Dave McMenamin reported on Saturday morning that LeBron James will pick up his $52.6 million player option for next season. This seemingly simple decision could significantly affect the Lakers’ offseason strategy.

LeBron James’ Contract Update Will Handicap The Lakers

LeBron James’ Player Option and Its Impact on Lakers’ Plans

With LeBron James’ decision, the Lakers’ roster stands at 12 players if both LeBron and Dorian Finney-Smith pick up their player options. Had LeBron declined, the Lakers would have been under the luxury tax line, with about $139 million in payroll. This would have allowed them to access the non-taxpayer mid-level exception (NMLE), projected at $14.1 million. Rob Pelinka could have used this exception to target marquee free agents like Nickeil Alexander-Walker (NAW), a 26-year-old elite two-way guard.

Lakers’ Free Agency Options and Trade Opportunities

The Lakers could also split the NMLE between several veterans to fill gaps, particularly at the point-of-attack defender position or at center. With the NMLE, they could address their perimeter defense while exploring trades to strengthen their frontcourt. However, with only the Taxpayer Mid-Level Exception (MLE) worth $5.7 million available, the Lakers now have to focus on older veterans. This offers limited flexibility compared to the NMLE, but the Lakers still have options.

LeBron’s Decline and the Lakers’ Path Forward

LeBron played at an extremely high level last season, earning an All-NBA second-team selection. Despite his subtle decline over the past couple of years, he remains one of the league’s best. However, with LeBron turning 41 in December, the Lakers can no longer rely on him to carry the team through an entire regular season. The Lakers need to surround LeBron and Luka with elite two-way players to maximize their championship window. Given the limited tradeable assets from previous moves, a LeBron discount should have been part of the strategy.

Potential LeBron Opt-Out and Team Enhancements