LeBron James has agreed a two-year contract extension with the Los Angeles Lakers worth a whopping $97.1million.

James, 37, had been entering the final year of a contract worth $44.5m. His new deal, as reported by ESPN, includes a player option for the 2024-25 season.

The NBA great missed the Lakers' final two games of the 2021-22 season after suffering a sprained ankle, although he did enjoy the second-most productive campaign of his storied career in terms of points per game.

He played 56 games overall, averaging 30.3 points per game, only the second time he has averaged over 30 in a season (31.4 PPG for the Cleveland Cavaliers in 2005-06). 

James averaged 8.2 rebounds per game, 6.2 assists and brought three-pointers into his arsenal more than ever, hitting a career-high season average of 2.9 successes and 8.0 attempts per game.

He also became the first player in NBA history to record more than 10,000 career points, rebounds and assists.

During career, James has won four NBA titles with three different teams – the Miami Heat, Cleveland Cavaliers, and the Lakers.

In each of his championship-winning seasons, James was voted as Finals MVP, while he is also a four-time regular-season MVP, and an 18-time All Star.