The Klutch Sports Group announced Sunday that the four-time NBA MVP agreed to a four-year, $154 million deal to join the Lakers.
Per ESPN's Darren Rovell (via George Mills of Express.com), James' new contract will push him into the ten-figure mark in career earnings, with nearly 65 percent of that total coming from endorsements.
This represents a meteoric rise in James' business profile in just two years.
In December 2016, Kurt Badenhausen of Forbes noted the 14-time All-Star had a net worth of $275 million to rank No. 39 on a list of the 40 richest entrepreneurs under 40.
James has become a business entity separate from his talents on the court. He co-founded the digital sports programming network Uninterrupted, started a production company called SpringHill Entertainment and invested in Blaze Pizza, among his many ventures and endorsement deals.
Heading into his 16th NBA season, James has been building toward becoming a Hollywood icon for years. Playing for the Lakers is the next logical step in his storied career.