Entertainment Sports LeBron James Agrees to 2-Year Contract Extension with Los Angeles Lakers Worth $85 Million LeBron James is calling Los Angeles home until at least 2023 By Jason Hahn Jason Hahn Jason Hahn is a former Human Interest and Sports Reporter for PEOPLE. He started at PEOPLE's Los Angeles Bureau as a writer and reporter in 2017 and interviewed the likes of Kobe Bryant, Arnold Schwarzenegger and Tom Brady. He has a B.A. in English from the University of California, Berkeley, and a Master's degree in Journalism from Columbia University. He previously worked for Complex Magazine in New York City. People Editorial Guidelines Published on December 2, 2020 07:00 PM Share Tweet Pin Email LeBron James. Photo: Nathaniel S. Butler/NBAE via Getty Images LeBron James isn't packing up the moving bags anytime soon. On Wednesday, the Los Angeles Lakers star agreed to a two-year contract extension with the franchise worth $85 million, according to ESPN. The agreement means the 35-year-old will be with the Lakers at least until he reaches his 20th NBA season in 2023. The deal is an early Christmas present for James, who will now bring home $39.2 million during the 2020-21 season, followed by $41,180,544 in 2021-22 and $44,474,988 in 2022-23, the outlet reported. In total, he will have made $435 million during his career by the end of 2023 (which does not include that amount he's been paid for endorsement deals). James, considered one of the best NBA players of all time, has been worth the money. Over the course of his 17 years in the league, he's won four championships — two during his time with the Miami Heat, one with the Cleveland Cavaliers and another with the Lakers just this past October. With many of the Lakers' key players returning next season, it's possible James could earn his fifth championship (and maybe even a sixth) by the time his contract comes to an end. LeBron James Regrets Never Having Lakers Conversation with Kobe Bryant: I ‘Wish I Had That Moment’ LeBron James and Anthony Davis. "We can [repeat]. I mean, it's that simple," James recently told ESPN. "We absolutely can. ... First of all, it all starts with health. You have to have some luck. You have to have health. If we can stay healthy." LeBron James and Los Angeles Lakers Win 2020 NBA Finals Nearly 9 Months After Kobe Bryant's Death "We did get younger," he added of who the Lakers have added to their roster during the offseason. "We have a 27-year-old point guard [in Dennis Schroder]. We got the 27-year-old Sixth Man of the Year award [winner] in [Montrezl Harrell]. We got younger. We got Marc [Gasol], who is a Defensive Player of the Year and his IQ, not only playing against him in the NBA, but also playing against him versus Spain with the national team." As NBA.com notes, James' son, NBA prospect Bronny James, will graduate high school in 2023. RELATED VIDEO: LeBron James Sends Message to Kobe Bryant After NBA Championship Win: Hope I ‘Made You Proud’ James has not hidden the fact that he would like to play on the same team as Bronny if the now 16-year-old makes it into the league. Some online have questioned whether James' extension ending in 2023 is set up to make that happen. "You want to ask me what is the greatest achievement of my life? If I'm on the same court as my son in the NBA," James told Uninterrupted in 2018, according to USA Today. "That would be number one in my lifetime as an NBA player."