LeBron James could lose over $400,000 per game if season is canceled
LeBron signed a four-year, $153.5 million maximum contract with the Lakers in the summer of 2018. The four-time MVP is making $37,436,858 this season from his Lakers contract, but that was when games were being played:
If games are canceled, the league can deduct approximately 1.1 percent for each lost contest (including about 5.6 playoff games per team). For a high-paid All-Star like LeBron James, he’d be on the hook for over $400,000 per game.
While players typically receive their final paycheck Nov. 1, months after the season ended, a select few have accelerated pay schedules, including James. By force majeure, James would need to “promptly pay the difference directly” to the Los Angeles Lakers.
LeBron and the Lakers had the best record in the West prior to play being suspended. LA was 49-14.
James is still going to be financially okay if the 2019-20 season is canceled. However, no one is rooting for the Lakers star to lose money. In the end, everyone wants sports to be back on, but only when the coronavirus has died down.
LeBron was averaging 25.7 points, 7.9 rebounds and 10.6 assists for the Lakers before the season was suspended. The three-time NBA champion was shooting 49.8 percent from the field, 34.9 percent from beyond the arc and 69.7 percent from the free-throw line.