4 year 154 million, James reached an oral agreement with the Lakers

Lebron - James's brokerage team formally announced that James and the Lakers reached a 4 - year oral agreement of $154 million, of which fourth years were players, and both sides would wait until the end of the July 6th contract freezing period. In 2018, the biggest suspense of the off-season was announced. James ended his cooperation with his old knight, and his NBA career moved to the West for the first time.

James's brokerage team officially announced that James and the Lakers reached an oral agreement of $154 million in 4 years, and fourth years as a player option. An oral agreement refers to the intention contract that the free player and the team have negotiated. After the opening of the player market in July 1st and the freezing period of the contract in July 6th local time, the free agent and the team can reach an oral agreement during this period, but it will not be formally signed until the end of the freezing period in July 6th and the freezing period is spoken. The agreement has no legal effect, and both parties have the right to refuse to perform the contract. However, this situation is rare. Most of the cases are formally signed after the freezing period is over.

Why is the 4 year contract? Because according to the provisions of the labor agreement, James only signed with the former Eastern knights to get a 5 - year payroll contract. According to the latest new season salary cap, James could get a maximum of $207 million for the 5 year contract from the Knights. James went to the Lakers, according to the terms of the labor agreement, combined with the latest salary cap data, he could only sign a 4 year contract at a total price of $154 million. According to the 38 year old rule of the labor agreement, this summer was the 33 year old James's last chance to get a 5 year top salary contract, and James gave up the opportunity to choose to join the Lakers.(Cheap Nike LeBron Soldier 11, nike running shoes sale,buy nike shoes online,nike shoes online shopping)

James's oral agreement with the Lakers for 4 years, fourth years as a player option, means that James has the right to jump out of the contract to become a free player in advance after 3 years of the contract. If James chooses to renew his contract with the Lakers, the Lakers will be awarded James's Byrd rights and renew their salary cap. If James is not satisfied with the status of the Lakers, he can also choose to leave the player option so that James can have more room for operation.