The Lakers did n't need a loan, but they did need to get below the second apron. LeBron James to the rescue.
LeBron James has since rejoined the Los Angeles Lakers. The former superstar signed his fresh two- year lease on Saturday, but according to ESPN's Bobby Marks, there was a little something in there that had n't been disclosed: a pay cut.
" Little" is definitely the word to describe this pay cut. He was originally reported to be making the maximum of$ 104 million on this deal, but the final amount is reportedly$ 101.35. That's a pay cut of$ 2.65 million.
Now, there is no denying that$ 101 million is less than$ 104 million. A pay split is when you get paid less than you were previously, and LeBron's position fits the dictionary description to the letter.
But in the history of sports pay reductions, this one falls under the "only essentially a earn cut" group. Aaron Judge or Shohei Ohtani are leaving millions of dollars on the table with their No. 1 decision. This is LeBron James, the primary active NBA player to become a tycoon. If his fortune was paid out in specially minted$ 1 million coins, two or three could go missing ( as always happens with a pile of loose change ) and he'd never notice.
This is the wealthy person's edition of a small favour. The Lakers would have been subject to a fresh set of penalties for groups that spend above a certain amount if LeBron had signed. Not only would they include match every penny they go over the belt ($ 190 million ) and give it to the group, they'd obtain no mid- degree exceptions at all.
But according to Marks, LeBron "giving back" nearly$ 3 million to the Lakers means they'll avoid those second apron penalties by roughly$ 45, 000.
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