LeBron James signs 2-year, $8M deal with 76ers, taking 92% pay cut

Published Jul 24, 04:58 PM UTC

LeBron James signed a two-year, $8 million contract with the Philadelphia 76ers on July 24, 2026, a 92% pay cut from his $52.6 million salary the previous season. The 41-year-old forward, whose net worth is $1.4 billion, became the first active athlete to reach billionaire status in 2022. He is the fourth-highest-paid athlete globally with $85 million in off-court earnings over the past year. James' career on-court earnings total $581.3 million, the most in NBA history. His recent investments include participating in a $575 million funding round for wearable device firm Whoop. James said he 'thought I was done when the season ended' and his move to Philadelphia ends an eight-year tenure with the Los Angeles Lakers that included a 2020 NBA championship.