LeBron James Signs Two-Year Deal With Philadelphia 76ers
Forward LeBron James is officially a Philadelphia 76er after the NBA updated its transaction log to confirm the agreement, according to league records. James announced his choice on social media, committing to what will be his record 24th season in the league, according to public statements.
The contract spans two years and is valued at $8 million, a league source with direct knowledge of the agreement told The Athletic. The source spoke on the condition of anonymity because they lacked authorization to discuss the transaction publicly.
Roster Adjustments and Salary Cap Management
To clear the necessary roster space required to finalize the signing, the Philadelphia 76ers plan to waive wing Dalen Terry, according to league sources who spoke to The Athletic on condition of anonymity. The impending move precedes the official league processing of Terry’s departure.
Terry, 24, entered the league after the Chicago Bulls selected him with the 18th pick in the 2022 NBA Draft, playing his first 3 1/2 seasons in Chicago. Prior to last season’s trade deadline, the Bulls traded Terry to the New York Knicks in exchange for Guerschon Yabusele, and the Knicks subsequently traded Terry to the New Orleans Pelicans on the same day for guard Jose Alvarado.
Dalen Terry’s Path to Philadelphia
Following his release by the New Orleans Pelicans, Terry signed with the Philadelphia 76ers, according to league transaction records. During his brief tenure in Philadelphia, Terry appeared in 14 games, averaging 4.1 points, 1.6 rebounds, and 1.6 assists per contest.
Did You Know?
LeBron James enters his record 24th professional season as the NBA’s all-time leading scorer, across his storied career.
Frequently Asked Questions
What are the terms of LeBron James’ contract with the Philadelphia 76ers?
According to a league source who spoke to The Athletic, the agreement is for two years and $8 million.
Which player is being waived to make room for James on the roster?
League sources told The Athletic that the 76ers plan to waive wing Dalen Terry to clear roster space.
How many seasons has LeBron James played in the NBA?
James is entering his record 24th season in the league, according to his social media announcement and NBA transaction logs.
Join the Conversation
What do you think of this massive roster shakeup in Philadelphia? Leave a comment below or subscribe to our newsletter for the latest updates on NBA transactions.
Keep reading