Billionaire LeBron James Set to Earn Massive Million Dollar Figure for Lakers That Outdoes the Entire NBA at One Point - EssentiallySportsAmerica's Favorites Trending in U.S.A.

Billionaire LeBron James Set to Earn Massive Million Dollar Figure for Lakers That Outdoes the Entire NBA at One Point

Published 07/05/2022, 6:44 AM EDTBy Feb 20, 2022; Cleveland, Ohio, USA; LeBron James is honored at halftime during the 2022 NBA All-Star Game at Rocket Mortgage FieldHouse. Mandatory Credit: Kyle Terada-USA TODAY Sports LeBron James has shocked the world once again after this mind-blowing piece of news caught steam on the internet. James is all set to out-earn the NBA salary cap for the 2004-2005 season. In fact, King James’ whopping $44.4 million annual salary is more than the $43.8 million salary cap of the entire NBA in his sophomore year in the league. ADVERTISEMENT Article continues below this ad The NBA has progressed a lot in the last two decades. Stephen Curry has changed the direction of the game with his accurate shooting from beyond the arc. And LeBron’s massive contract compared to the 2004-05 salary cap shows how a booming economy has impacted the NBA.

LeBron James to earn more than the NBA salary cap of his sophomore year

ADVERTISEMENT Article continues below this ad LeBron James’ salary overtaking the 2004-05 salary cap is certainly shocking news. As a matter of fact, the four-time NBA champion a staggering $85 million two-year extension after winning the championship in 2020. View this post on Instagram James will receive his $44.47 million annual salary by virtue of the deal. His contract with the Lakers expires after the 2022-23 season. Nowadays, NBA fans have grown accustomed to players getting an exorbitant amount of money. In fact, of the just a historic $264 million 5-year contract extension. The two-time NBA MVP shocked the NBA community by bagging the biggest contract extension in league history. Meanwhile, NBA legend Shaquille O’Neal has expressed his discontent on multiple occasions with Rudy Gobert’s max contract extension. The four-time NBA champion has argued that players like Gobert getting a max extension without performing in the postseason sets a bad precedent for the league. Incidentally, Shaq joined the Lakers in 1996 on a massive seven-year $120 million contract. Many contemporary players, like Dennis Rodman and Charles Barkley, had a point of contention with the unprecedented deal. However, Shaq proved he’s worth every penny of his contract by delivering three consecutive championships for the Lakers.

LeBron and the Lakers in the upcoming season

ADVERTISEMENT Article continues below this ad and the face an uphill battle next season. In the 2021-22 season, they failed to qualify for the playoffs with three MVP-caliber players on the roster.Mar 14, 2022; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) controls the ball against Toronto Raptors forward Precious Achiuwa (5) during the second half at Crypto.com Arena. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports As a result, LeBron James and company will face additional pressure this year from their fanbase to deliver results. With a new head coach in the building, the Lakers have to figure out a way to play in tandem. ADVERTISEMENT Article continues below this ad Watch This Story: What are your thoughts on LeBron’s massive salary? Comment below.

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ADVERTISEMENT Satagni Sikder 373 articlesSatagni Sikder is an NBA writer for EssentiallySports. He has a Master's degree in English from Jadavpur University, Kolkata, and has been following the NBA since 2017. Moreover, he supports the Dallas Mavericks, and unsurprisingly, Luka Doncic is his favorite player.Please enable JavaScript to view the ADVERTISEMENT ADVERTISEMENT

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