This past weekend, it was reported that LeBron James would be exercising his $52.6 million player option to stay with the LA Lakers. While this appears to seal the deal for James’ eighth season in Tinseltown, there remains a possibility that the King will suit up for another ball club when the 2025-26 season tips off.

One scenario through which this could happen is a buyout. While it appears highly unlikely that James would be traded by the Lakers — especially because the NBA’s all-time leading scorer has never been shipped away from a team in his illustrious career — the option of a contract buyout remains on the table for the purple and gold squad.

How Lakers and LeBron James can make a contract buyout happen

In this scenario, James and the Lakers organization can reach an agreement on the early termination of his contract.

Prior to the 2024-25 season, James signed a two-year, $101.3 million contract with a player option for the second season. In 2024-25, the Lakers star was paid $48,728,845. This leaves $52,627,153 for James to earn in the 2025-26 campaign.

Though James has reportedly declared his plan to opt in to this $52.6 million option, he and the Lakers can — for one reason or another — agree to a buyout in which James receives a lump sum equivalent to a portion of his pending salary for the upcoming season.

The amount remaining on James’ contract (that is, his contract value for this season minus the buyout amount) would be taken off the Lakers’ books. Meanwhile, a team picking up James in his subsequent free agency could sign him for the non-taxpayer mid-level exception or as their cap space permits.

What a contract buyout would mean for LeBron James and his current team

On the one hand, a James-sanctioned buyout would allow the Lakers to clear some more cap space. As of late May, the team was above the salary cap but still below the first luxury tax apron. If the Lakers come to terms with James on a buyout, they will have even more financial flexibility to build around Luka Doncic, who is clearly the team’s cornerstone for the future.

On the other hand, James would get to explore the possibility of a contending for a title with another team. In seven seasons with the Lakers, James has won but one title after taking just two trips to the Western Conference Finals. With LBJ approaching the end of his storied career in the NBA, he can agree to a buyout and join a team that could have better potential as a title contender compared to the Lakers.

Is it likely that LeBron James will agree to a buyout with Lakers?

While the possibility of a contract buyout remains a possibility, the likelihood of James agreeing to this scenario with the Lakers is another story altogether.

In particular, there are two players on the current Lakers roster that are possibly strong enough to keep James in a purple and gold uniform. There’s Doncic, a perennial All-NBA contender who skillfully shares the scoring and playmaking burden with James.

Aside from the Slovenian guard, there’s James’ son Bronny. Prior to the 20-year-old’s arrival in the NBA, James made it abundantly clear that he wanted to play alongside his eldest. It would only be natural for James to want to continue guiding Bronny in his basketball career as his Lakers teammate.

It’s probable, then, that James will choose to stick it out with the Lakers instead of agreeing to a contract buyout. Still, as the blockbuster Doncic trade shows, even the wildest scenarios can turn into reality in the NBA.