LeBron James broke the news himself: the only NBA player currently worth $1 billion has signed with the Philadelphia 76ers. The deal is what’s known as the “veteran’s minimum” for any player with 10 years or more of service — worth roughly and $8 million over two seasons, ESPN’s Shams Charania reported, citing confirmation from James’ agent Rich Paul, CEO of Klutch Sports Group.
It’s a sharp turn from his last contract with the Los Angeles Lakers, where he made $52.6 million last season as part of a two-year, $104 million extension signed in 2024. The move to Philadelphia’s minimum represents a cut of roughly $48 million, or more than 90% of his prior salary.
