LeBron James exercises 2025-26 player option

According to Charania, James will be closely monitoring the Lakers’ moves this summer in the hopes of vying for a title next season.

“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 [governor] Jeanie [Buss] and [president of basketball operations] 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.”

James continued to produce at an unprecedented level for a player of his age after turning 40 last December. He was a second-team All-NBA selection, averaging 24.4 points, 7.8 rebounds and 8.2 assists in 70 games. He also earned All-Star honors for the 21st straight season.

Picking up the option and ensuring that he’ll be a free agent in 2026 is a change in strategy for James, who typically renegotiates to make sure he has another option season left on his contract. He’ll set a record by playing in his 23rd NBA season, but a report on Saturday stated that he has considered retirement every summer since 2023.

James’ season ended in disappointing fashion as the Lakers were ousted by Minnesota in the first round of the playoffs and he suffered an MCL sprain late in the final game. He recently said the injury is healing and he expects to be ready for training camp.

Among the moves James will be watching is whether the Lakers can upgrade at center. They were weak at the position after parting with Anthony Davis in the Luka Doncic deal and often played without a big man on the court in the postseason.

The chance to spend a full season with Doncic and have his son Bronny as a teammate for another year are among the factors motivating James to keep playing. The Lakers’ success during this upcoming season, particularly in the playoffs, will impact whether he wants to extend one of the greatest careers in NBA history beyond 2026.