According to NBA reporter Marc Stein, LeBron James is officially eligible to sign an extension with the Los Angeles Lakers on Thursday.
Stein: "LeBron James is eligible as of today for a two-year contract extension with the Lakers worth nearly $100 million."
James just finished up his fourth season with the Lakers, and averaged 30.3 points, 8.2 rebounds and 6.2 assists per contest.
At 37-years-old, he is very clearly still one of the ten best players in the world.
However, the Lakers struggled as a team last season, and they went 33-49.
Therefore, they were the 11th seed in the Western Conference, and missed the NBA Playoffs (and play-in tournament).
The New Orleans Pelicans and San Antonio Spurs beat them out for the final two play-in spots.
Stein from his July 29 article: "James basically has three options. He can play out his current contract at $44.5 million and become a free agent after his 20th NBA season. Or he can sign a one-year extension worth $46.7 million ... or a two-year maximum extension worth $97.1 million (and presumably containing a player option for Year 2). James, remember, turns 38 on Dec. 30. The league's Over-38 rule, explained in much more thorough detail here via Keith Smith's Spotrac coverage, prevents him from signing anything longer than a two-year extension."
James is a four-time NBA Champion, four-time Finals MVP and four-time NBA MVP.
He won one title with the Lakers, two with the Miami Heat and one with the Cleveland Cavaliers.