With one day until LeBron James must make a decision on his $52.6MM player option for the 2025/26 season, ESPN’s Dave McMenamin is hearing the same thing his colleague Shams Charania was a month ago: James is expected to exercise that option to play out the final year of his current contract.
James has considered retirement every offseason since 2023, according to McMenamin, but it sounds like he’s committed to playing a record-setting 23rd NBA season in ’25/26. A source familiar with LeBron’s thinking also tells ESPN that he’s not entering next season with “any certainty that it will be his last.”
The other Lakers forward with a player option decision to make, Dorian Finney-Smith, is interested in returning to Los Angeles, a source tells ESPN. However, it sounds like he’ll also have interest in adding multiple years to his current contract, either via opting in and extending or by opting out to sign a new contract. If the only way for him to stay with the Lakers is by picking up his option with no guarantee of an extension, he may test the open market, McMenamin explains.
As McMenamin writes, head coach J.J. Redick trusts Finney-Smith, who was popular in the Lakers’ locker room, so I’d expect the team to try to lock him up. But if he does walk, it would at least open up the $14.1MM non-taxpayer mid-level exception, giving L.A. more options to replace him in free agency, McMenamin notes. The club projects to just have the $5.7MM taxpayer mid-level exception available if James and Finney-Smith return on their option salaries.
Here’s more on the Lakers:
- The Lakers understood that Austin Reaves would turn down the four-year, $89MM extension offer they put on the table for him, but the team didn’t want to send the wrong signal by not offering it, says McMenamin. According to his sources, the two sides remain motivated to work out a new deal next summer, when Reaves will have the ability to opt out of his current contract.
- A source close to Luka Doncic tells ESPN that Mark Walter‘s agreement to buy a majority stake in the Lakers was viewed as a positive development from the star guard’s perspective. “You always want the wealthiest owners, so that speaks for itself,” the source said to McMenamin. “And his track record speaks for itself. … (Doncic) wants to win. This owner’s proven that he wants to win. So this is a plus-plus.”
- McMenamin confirms a couple more Luka-related notes, citing sources who say the former Mavericks star remains motivated by how he was treated on his way out of Dallas, and committed to a training and nutrition program this offseason; and writing that Lakers assistant Greg St. Jean will be a part of the Slovenian national team’s coaching staff this summer as Doncic represents his home country in the EuroBasket tournament. The former was initially reported by Dan Woike of The Athletic, while the latter was first reported by Andrej Miljković of Ekipa24.
- Addressing the Lakers’ hunt for a center, president of basketball operations Rob Pelinka said during a Thursday night press conference that the team has been “super active” and will “turn over every stone” as it seeks a solution, tweets Woike. Nic Claxton of the Nets and Robert Williams of the Trail Blazers are among the possible trade targets the Lakers have “mulled internally” since last season, according to McMenamin, who also mentions several other previously reported names.