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Published Time: 07.07.2024 - 03:04:56 Modified Time: 07.07.2024 - 03:04:56

James has taken a pay cut only once before in his career, in 2010, when he joined the Miami Heat on a two-year, $68.6 million deal. That left $15 million on the table to help the Heat front office assemble a team that went on to make four straight Finals appearances and win two championships. Lakers, lakers summer league, lakers vs kings

Adrian Wojnarowski joins the "NBA Today" crew to break down why LeBron James opted for a two-year deal with a player option with the Lakers. (1:18)

James' representative, Rich Paul of Klutch Sports, told ESPN last week that James would be willing to take a pay cut to help L.A. land an "impact player" in free agency by opening up the $12.9 million midlevel exception. That gesture went for naught after the Lakers were unable to attract neither Klay Thompson from the Golden State Warriors nor DeMar DeRozan from the Chicago Bulls with the midlevel exception or a trade package, sources told ESPN.

Thompson was traded to the Dallas Mavericks on Monday and DeRozan was traded to the Sacramento Kings on Saturday night, sources told ESPN's Adrian Wojnarowski.