LeBron James is indeed the best basketball player in the world, and his body of work will earn him a mind-boggling salary this season. The King will earn $162 every second he set his foot on the hardcourt for the Los Angeles Lakers.

ESPN tweeted a breakdown of James' multi-year contract.

The Lakers caught the biggest fish in the free agency waters, which of course comes with a hefty price to pay. Spotrac.comĀ summarized the four-time NBA Most Valuable Player's deal with the Lakers.

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Ā ā€œLeBron James signed a 4 year / $153,312,846 contract with the Los Angeles Lakers, including $153,312,846 guaranteed, and an annual average salary of $38,328,212. In 2018-19, James will earn a base salary of $35,654,150, while carrying a cap hit of $35,654,150 and a dead cap value of $153,312,846.ā€

With his new contract in Los Angeles, James is set to eclipse $1 billion in total earnings, per Shoshanna Delventhal of Investopedia. James' earnings are further driven by his influence on media and endorsements.

ā€œLeBron's booming wealth, driven largelyĀ by his partnerships with brands such as Nike Inc. (NKE)Ā and Sprite, owned byĀ The Coca-Cola Company (KO),Ā reflects the larger role that influencers takeĀ in the marketing of consumer goods. The basketball player's 10-figure career earnings canĀ be attributed by roughly 65% to endorsements, according to ESPN's Darren Rovell. As of June 5, 2018, according toĀ Forbes, James ranks 6th in the world for highest paid athletes. In one year alone, he made $33.5 million in salary/winnings and another $52 million in endorsement deals.ā€

Even so, LeBron James has remained true to his roots in the community. He has donated to charities left and right and has since played a huge part in the establishment of a public school in his hometown of Akron, Ohio.