This is how LeBron James just overtook Kevin Durant for the NBA’s highest-paid player of all time

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After becoming the NBA’s first active billionaire player, LeBron James recently achieved another personal milestone as the highest-paid NBA player in history via a new contract extension with the Lakers.

The four-time champion and perennial NBA All-Star has agreed to a two-year, $97.1 million contract extension with the Los Angeles Lakers, putting him ahead of Kevin Durant and Stephen Curry as the highest-earning player in the league. NBA history, as reported by CNBC Do it.

According to salary-tracking site Spotrac, James, who is aiming for his second championship with the Lakers, after winning with the team in 2020, will earn at least $528.9 million in guaranteed money over his career.

According to Forbes, the bulk of James’ income comes from his endorsement deals and other business ventures. James has “maxed out his business”, at more than $1.2 billion in pre-tax profits. “He received more than $385 million in salary from the Cleveland Cavaliers, Miami Heat and Los Angeles Lakers as the highest paid active player in the NBA. Off the court, he has raked in over $900 million in revenue from endorsements and other business ventures,” Forbes wrote.

Born on December 30, 1984 in Akron, Ohio, James started playing basketball at an early age. Basketball quickly became a way of life for him and when he joined his elementary school basketball team, he excelled.

While at St Vincent-St Mary High School, James became the youngest person to join the USA Today All-USA First Team and was later named Gatorade National Player of the Year.

In high school, he was tipped as the next big thing in the NBA as he began appearing on the cover of “SLAM” magazine and Sports Illustrated. It’s no wonder he’s one of the NBA’s biggest stars today, according to Celebrity Net Worth.

The four-time NBA champion is also behind TV and film studio SpringHill Entertainment, which helped produce ‘Space Jam: A New Legacy,’ a movie he starred in, which grossed $163 million. dollars in box office receipts worldwide.

He also has deals with companies such as McDonald’s, Microsoft, State Farm, Beats by Dre, Coca-Cola, Dunkin-Donuts, Baskin Robbins, Samsung, and Nike. He also owns a 1% stake in Beats by Dre. He earned at least $1 million in royalties, and when the company was sold to Apple, he got a $30 million cut.

In high school, he was tipped as the next big thing in the NBA as he began appearing on the cover of “SLAM” magazine and Sports Illustrated. It’s no wonder he’s one of the NBA’s biggest stars today, according to Celebrity Net Worth.

In 2003, he entered the NBA draft and became the first choice of his hometown team, the Cleveland Cavaliers. He would earn $1.4 billion over four years. After his contract expired, he signed a three-year, $60 million extension with the Cavs ahead of the 2007–08 season. The contract extension increased his annual salary from $5.8 million to $15.8 million for the 2009–10 season.

In 2011, he announced his decision to join the Miami Heat in a drama show that reportedly raised some $6 million for charity. In Miami, he took $110 million over six years. He returned to Cleveland before the 2014-15 season after four years with The Heat. Upon his return, he signed a one-year contract and extended it to three years after winning the NBA championship in 2015. The three-year contract extension would have earned him $100 million, making him the player the highest paid in the NBA for the first time. in his career.

Ahead of the 2018/19 season, he made another stint at the Lakers from the Cavs. The deal was worth $153 million with an annual salary of $38 million over four years. In 2020, LeBron and the Lakers announced a two-year, $85 million contract extension that will see him earn $42.5 million a year.

In his first 10 NBA seasons, James earned more than $126 million in salary and $326 million in endorsements, bringing his total earnings during the period to $452 million, according to Celebrity Net Worth.

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