Kevin Durant is set to stay with the Brooklyn Nets after franchise and the 12-time NBA All-Star "agreed to move forward with our partnership".
Durant's future has been shrouded in doubt after the 33-year-old superstar reportedly asked for a trade at the end of June.
Nets general manager Sean Marks on Tuesday released a statement making it clear Durant is going nowhere after a meeting in which team owners Joe Tsai and Clara Wu Tsai, and head coach Steve Kerr, were present.
"Steve Nash and I, together with Joe Tsai and Clara Wu Tsai, met with Kevin Durant and Rich Kleiman in Los Angeles yesterday," the statement said.
"We have agreed to move forward with our partnership. We are focusing on basketball, with one collective goal in mind: build a lasting franchise to bring a championship to Brooklyn."
Udonis Haslem has confirmed he will be back for another year, and what will be his 20th season in the NBA.
The Miami Heat forward, who is the franchise's all-time leader in rebounds, has agreed a one-year deal worth $2.9million.
Haslem had raised doubts as to whether he would return or retire, with the Heat putting the offer on the table almost two months ago.
The 42-year-old has ultimately chosen to continue, saying at his basketball camp in Miami on Sunday: "I have decided to follow through with what me and my father had talked about, and I will finish what I started and I will play 20 years.
"I will play this year, because I talked about that with my father and that's what we said we would do.
"It won't be the same. Won't be as easy. But the goal still remains the same. Win. Win a championship. Leave it on the line and hold your head high when it's all over."
Haslem has won three NBA championships with Miami, and made 13 appearances last season, averaging 2.5 points and 1.9 rebounds per game.
The Los Angeles Lakers' decision to give LeBron James a two-year contract extension worth $97.1million is as much about the player's brand as his ability, says sport finance expert Dan Plumley.
James had been entering the final year of a contract worth $44.5m. His new deal includes a player option for the 2024-25 season.
The extension takes the 37-year-old to $532m in guaranteed career earnings, which would mean he is the highest-paid player in the history of the league.
Despite his increasing years, James is still one of the top performers in the NBA, averaging 30.3 points per game in the 2021-22 season.
Speaking to Stats Perform, Plumley admitted he is surprised by the short-term nature of the deal not usually seen in US sports, but understands the brand of the athlete is often as important as the ability.
"I think that's now more the case than ever in every professional sport," said Plumley, who is principal lecturer in sport finance at Sheffield Hallam University. "Every team's looking at how they can use their superstars across respective sports.
"Of course, it's about first and foremost what they can do on the court, on the pitch, it's absolutely still about that.
"But the other side of it is what do they bring from a commercial side of things and what's the brand association, and what's the fit like, and how can the club or team leverage some of that against the superstars that they've got?
"It's absolutely the case with LeBron James. Of course it is. But I think it's the case across the board now for a lot of professional teams."
With James approaching 40 by the end of the two-year deal and with a history of injuries, there appears to be significant risk in the investment for the Lakers, but Plumley thinks it will be worth taking if it produces a championship or two.
"I think that there's the risk... but there was also the risk of losing him and losing the asset and losing the brand association and the value that somebody like LeBron James brings with the Lakers and everything else he's got going on in his personal life as well," he said.
"We know he's connected to Liverpool [Football Club, minority ownership] and the wider network that he operates in. So there's that at play where you're balancing the risk.
"From the playing side of things, yes, the injury risk is there but I think the Lakers felt that it was enough to get the next two years where they could potentially win something again with LeBron, and that risk was far lower than losing him. I think that's where they've ended up at.
"With the NBA, we know that careers can go a little bit later versus other sports. I think when you balance that off, the Lakers have obviously arrived at the decision that it's better to keep him now for a couple of years than potentially lose him."
In terms of the wider future of the NBA, Plumley understands there is danger in seeing deals increase in size, but believes basketball and other US sports will be safe from significant damage due to their closed nature and draft system.
"I think there's always the danger that you see figures like this, and we know that the salary cap is there, and there will always be a limit on this," Plumley added.
"But we've seen increases in the salary cap over time, which is not unusual when you think about the amount of money coming in. So if there's more money coming in, then there's an argument to raise the salary cap.
"I think what teams will always be suggesting and the way that side of things has gone is that there's an expectation that they need to keep raising the salary cap. And that's always okay if you've got the money coming in to support it, so I think that will be the trade-off.
"It's always a risk in any professional team sport. They are reliant on broadcasters and they're reliant on commercial partners to generate that revenue at the league level. And while that's okay and growing, these little increases in salary caps have been okay.
"The question always is 'where's the benchmark?' And if the benchmark has gone higher, because this is the biggest contract we've ever seen, then others will start to look towards that as the new benchmark. And I think that's just the risk in the background that you run.
"American sports are a little bit more protected in that sense, because of the nature of their league systems."
The Los Angeles Lakers will honour Spanish legend Pau Gasol when they retire his number 16 jersey next year.
A ceremony will take place on March 7, 2023 when the Lakers host the Memphis Grizzlies.
Gasol played for the Lakers between 2008 and 2014, having arrived from Memphis, appearing in three NBA Finals and winning two championships alongside Kobe Bryant.
Three of his six All-Star appearances came during his time in Los Angeles, before he left for the Chicago Bulls in 2014.
After time with the San Antonio Spurs and Milwaukee Bucks, Gasol returned to Europe for a second spell with Barcelona, where his career had begun, before retiring in October last year at the age of 41.
Following the announcement, Gasol took to Twitter to thank his former franchise, writing: "Beyond thankful and honoured!!!"
Gasol had an average of 17.7 points per game during his time with the Lakers, as well 9.9 rebounds, 3.5 assists and 1.4 blocks in 429 appearances.
He will join a number of legends, including Kareem Abdul-Jabbar, Shaquille O'Neal, Bryant and Magic Johnson, in having his jersey retired by the Lakers.
Whenever people talk about the NBA, one name is rarely far away from any conversation.
LeBron James is once again the talk of basketball after reports emerged on Wednesday he had agreed a two-year extension with the Los Angeles Lakers worth an eye-watering $97.1million.
The 37-year-old had been entering the final year of a contract worth $44.5m. His new deal includes a player option for the 2024-25 season according to ESPN, citing Klutch Sports CEO Rich Paul.
James' deal takes him to $532m in guaranteed career earnings, which would mean he is the highest-paid player in the history of the league, ahead of Kevin Durant of the Brooklyn Nets.
Apart from having four NBA championships, four Finals MVPs, four NBA MVPs, 17 All-Star selections and three All-Star MVPs, what has James done to earn such a lucrative deal?
Stats Perform has taken a trip down memory lane to remind ourselves just why he is still the hottest property in the NBA.
Breakout in Cleveland
As the first pick of the 2003 NBA Draft, it was hardly surprising that James impressed from the start with the Cavaliers, averaging 20.9 points per game (PPG) in his debut season from 79 games.
It was the 2005-06 season where he really exploded, though, averaging 31.4 PPG in the regular season, which remains his highest ever for a campaign, before recording 30.8 PPG in the playoffs, where the Cavs were eliminated in Game 7 of the Eastern Conference semi-finals by the Detroit Pistons.
James took Cleveland to the postseason for five straight seasons, agonisingly losing the 2007 Finals to the San Antonio Spurs, before taking the mantel again in 2009 as he put up 35.3 PPG in 14 playoff outings before Conference final heartbreak against the Orlando Magic.
He had become a superstar in his home state of Ohio, though it seemed like championship glory was always going to elude him in Cleveland and so in 2010, it was time for a decision.
LeBron brings the Heat
The television event titled 'The Decision' did not go down universally well, it is fair to say, as James dramatically revealed he was leaving the Cavs for the Miami Heat.
However, it turned out to be the catalyst for him to reach the next step as he was undoubtedly surrounded by more talent in Miami, and before long, much-deserved silverware.
Linking up superbly night after night with Dwyane Wade and Chris Bosh, James reached the Finals every year in Florida, winning his first championship in 2012, before following it up in 2013 with another.
His numbers were ever so slightly lower at the Heat than they had been in Cleveland, though that clearly owed to having more help from the likes of Wade and Bosh.
James' first title win 2012 saw him average 30.3 PPG during the postseason, and led the way as he got some revenge on the Spurs in 2013, excelling in Game 7 to win his second championship.
The Cavalier returns home
In 2014, James came back to Cleveland with the desire to take his team to the promised land with him this time, and he did just that.
Just as he had in Miami, James went to the Finals every year of his second spell with the Cavaliers, and every year they played against the dominant Golden State Warriors.
After losing 4-2 in 2015, they returned to get revenge in 2016 as James starred on their way to an almost Hollywood-ending win against the Warriors, securing their first NBA championship.
They were unable to repeat the trick as the Warriors beat them in both the 2017 and 2018 Finals, but reaching four Finals in a row was still more than Cavs fans could have realistically expected.
Unfortunately for them, James was getting itchy feet again.
L.A. dreams not always what they are cracked up to be
James himself had a solid enough start to life in Los Angeles, posting 27.4 PPG for the Lakers in 2018-19, though injury issues sustained by him and several of his new team-mates led to a wobbly season, and therefore, no postseason for the first time for James since 2005.
Inevitably, he came roaring back the following year and in spite of the chaos caused by the COVID-19 pandemic, James and the Lakers returned to win the "bubble championship", the fourth title of his career with a third different team.
However, the 2020-21 campaign was one to forget as James recorded his lowest PPG for a season (25.0) since his rookie year, before the Lakers were dumped out of the playoffs in the first round by the Phoenix Suns.
Was it all over for LeBron? Not likely. He responded to that setback by scoring 1,695 points in just 56 games last season at an average of 30.3 PPG, his best regular season return since 2005-06.
James also reached a notable landmark in March, becoming the first player in NBA history to record 10,000 assists and 10,000 rebounds in a career.
Unfortunately for him, his team-mates were unable to match those efforts and the Lakers again failed to even make the playoffs, which could be why they were so desperate to find the funds to tie James' immediate future down.
His PPG has been higher in the playoffs than the regular season at every team he has played barring the Heat, where it was identical (26.9), proving the extent to which he is a clutch player and why it is imperative that the Lakers reach the postseason next year to make the most of the time they have left with him.
Injuries permitting, it is also practically certain he will overtake Kareem Abdul-Jabbar as the NBA's all-time leading scorer next season (currently 1,325 points behind).
Now that his new deal is agreed, you can be sure when that landmark arrives, LeBron will be wearing the same Lakers jersey Kareem did so famously.
The Los Angeles Lakers have tied down the immediate future of the greatest player of all time in LeBron James, according to Lakers podcaster Anthony Irwin.
James has agreed a two-year contract extension with the Lakers worth a whopping $97.1million, it was reported by ESPN on Wednesday, citing Klutch Sports CEO Rich Paul.
The 37-year-old had been entering the final year of a contract worth $44.5m. His new deal apparently includes a player option for the 2024-25 season.
Last season, James played 56 games overall, averaging 30.3 points per game, only the second time he has averaged over 30 in a single campaign (31.4 PPG for the Cleveland Cavaliers in 2005-06).
He averaged 8.2 rebounds per game, 6.2 assists and hit a career-high season average of 2.9 three-pointers and 8.0 attempts per game.
James also became the first player in NBA history to record more than 10,000 career points, rebounds and assists.
Speaking to Stats Perform, Irwin said he lists James ahead of Michael Jordan and former Laker Kareem Abdul-Jabbar when it comes to judging the best player of all time.
"I have him as the greatest ever, in my book," he said. "Now, we're splitting hairs anytime you're talking about him and Michael and Kareem, who for some reason is never like involved in the conversation in ways that I think he should be.
"The league is more competitive I think now than it was when Michael was playing. I think you have to take that into account.
"If you have Michael as your GOAT (greatest of all time)? Cool. If you have LeBron as your GOAT? Cool. If you have Kareem is your GOAT? Super cool, because I would love to hear the people who make that case.
"Anybody who tries to act as if those three guys don't have a case to be made, those are the people that I find myself rolling my eyes at."
Irwin – who hosts Lakers podcasts on Silver Screen and Roll – was pleased with the reported agreement between the organisation and James, believing it could make things easier for the Lakers as they look to move Russell Westbrook on.
"It's good that all parties came to the conclusion that they couldn't have this loom over the season or training camp," Irwin added. "I think if LeBron was going to continue his relationship with the Lakers, they had to either announce an exit strategy or announce an extension. Fortunately, they came to the latter decision.
"The other part of this that I find interesting is obviously everybody knows they've been trying to trade Russell Westbrook.
"One source of leverage that other teams might have had on the Lakers as they tried to do that was 'You have to trade Russell Westbrook, you have to appease Lebron James. Otherwise, he's not going to sign that extension.' And you have that awkward relationship carrying forward into the season.
"Now, that's not something that other teams have. So this helps the Lakers, I think, accomplish their goal of not just moving Westbrook but not overpaying to do so. And hopefully bringing some legitimate help back in return."
Los Angeles Clippers forward Kawhi Leonard says he feels good as he closes in on his long-awaited return from injury ahead of the 2022-23 NBA season.
The two-time NBA Finals MVP missed the entire of the last campaign due to an ACL injury sustained in game four of the 2021 Western Conference Semi-Finals against the Utah Jazz.
The Clippers certainly felt Leonard's absence as they missed out on the play-offs, losing to the Minnesota Timberwolves and New Orleans Pelicans in the play-in tournament.
The small forward averaged 24.8 points, 6.5 rebounds and a career-high 5.2 assists per game in the 2020-21 regular season, having averaged a personal best of 27.1 points the previous term - his first with the Clippers.
In a compilation video posted on the franchise's social media channels, which featured several clips of him in the gym, Leonard could be heard saying: "Physically, I feel good."
The 31-year-old will hope to make his return when the Clippers launch their 2022-23 campaign against the Los Angeles Lakers on October 20.
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