Skip to content

Lakers sign Kobe Bryant to two-year, $48.5 million contract extension

Nov 25, 2013, 12:01 PM EDT

Kobe Bryant AP

Kobe Bryant is going to finish his career a Los Angeles Laker — 20 seasons with the same team. That would be the longest single-team tenure in NBA history.

Monday morning the Lakers announced that Bryant — who has yet to play this season as he recovers from a ruptured Achilles tendon — has signed a two-year extension with the team.

“This is a very happy day for Lakers fans and for the Lakers organization,” Lakers GM Mitch Kupchak said in a released statement. “We’ve said all along that our priority and hope was to have Kobe finish his career as a Laker, and this should ensure that that happens. To play 20 years in the NBA, and to do so with the same team, is unprecedented, and quite an accomplishment. Most importantly however, it assures us that one of the best players in the world will remain a Laker, bringing us excellent play and excitement for years to come.”

This does not come cheaply. At all.

Understand Tim Duncan and Kevin Garnett became free agents then took salary cuts into the $10 million range.

For the Lakers this is the smart business move — Kobe Bryant the player is what fills the seats and the luxury boxes, what gets sponsors on board, what drives the team’s financial engine. Even at $48.5 million for two seasons, he’s a bargain.

But that salary is going to cut pretty deeply into who the Lakers will be able to bring in and put around Kobe Bryant. With Bryant’s new salary plus the stuff on the books (Steve Nash, for one) they should have about $22 million, enough to bring in a max free agent (if they can attract one).  It’s not simple. The need to deal with Pau Gasol and his contract this summer (he is a cap hold of $20 million until he signs with the Lakers or another team) and some of the other pieces to create that space. Unless they can bring Gasol back.

Whoever they bring in, for two more seasons in Los Angeles this is Kobe Bryant’s team.

Latest Posts
  1. Lakers sign Wayne Ellington, who played best for Byron Scott

    Sep 22, 2014, 8:30 PM EDT

    Minnesota Timberwolves v Los Angeles Lakers Minnesota Timberwolves v Los Angeles Lakers

    Ellington, who played for Scott with Cavaliers, received partially guaranteed contract

  2. Blake Griffin understands that Los Angeles is still a Lakers’ town

    Sep 22, 2014, 7:40 PM EDT

    Kobe Bryant, Blake Griffin AP

    It’s not going to change anytime soon, either.

  3. Report: Jazz to work out John Stockton’s son

    Sep 22, 2014, 6:44 PM EDT

    WCC Basketball Tournament - Championship - Brigham Young v Gonzaga Getty Images

    David Stockton, an undrafted free agent out of Gonzaga, also worked out for Thunder

  4. Bruce Bowen says blame for James Harden’s defense falls on McHale, Rockets

    Sep 22, 2014, 5:14 PM EDT

    Los Angeles Lakers v Houston Rockets Getty Images

    The Rockets’ defensive system is not the problem with James Harden.

  5. Jazz sign Dahntay Jones

    Sep 22, 2014, 4:41 PM EDT

    Los Angeles Lakers v Atlanta Hawks Getty Images

    Jones previously played for the Grizzlies, Kings, Nuggets, Pacers, Mavericks and Hawks

  6. Report: Darko Milicic leaving basketball, taking up kickboxing

    Sep 22, 2014, 4:00 PM EDT

    Minnesota Timberwovles 2010 NBA Europe LIve Minnesota Timberwovles 2010 NBA Europe LIve

    Former Pistons No. 2 draft pick putting some distance between himself and basketball

  7. Caldwell Jones dies at 64

    Sep 22, 2014, 2:45 PM EDT

    Portland Trailblazers vs. San Antonio Spurs Portland Trailblazers vs. San Antonio Spurs

    Jones – who played for the 76ers, Rockets, Bulls (during Michael Jordan’s rookie season), Trail Blazers and Spurs – helped shape Tim Duncan’s career

  8. Tyson Chandler: ‘I’m going to make’ Mavericks defend

    Sep 22, 2014, 2:04 PM EDT

    Tyson Chandler, Ricky Rubio Tyson Chandler, Ricky Rubio

    Chandler: ‘We are going to be a great defensive team’

  9. NBA to review domestic violence policies in wake of NFL’s ugliness. It shouldn’t have taken that.

    Sep 22, 2014, 1:29 PM EDT

    Adam Silver Adam Silver

    There were multiple NBA players arrested on domestic abuse charges last year. The spotlight on those cases will be different now.

  10. Nuggets sign forward Marcus Williams

    Sep 22, 2014, 12:50 PM EDT

    Arizona Wildcats v North Carolina Tar Heels Getty Images

    This is the Marcus Williams who played at Arizona, not Connecticut

  11. Cavaliers lift ban on fan who ran onto court with LeBron James shirt

    Sep 22, 2014, 12:11 PM EDT

    A Cleveland Cavaliers fan interrupts play during their NBA basketball game against Miami Heat in Cleveland Reuters

    James Blair can watch LeBron in person in Cleveland again

  12. Blake Griffin said he knew Donald Sterling was racist, wasn’t really surprised by tape

    Sep 22, 2014, 11:30 AM EDT

    Blake Griffin GQ

    “The first thing I ever Googled about the man, the first thing that popped up was “racist.” So I was aware. I hate to say this, and it might sound ignorant, but I wasn’t surprised that all this came up.”—Blake Griffin on Donald Sterling

  13. ProBasketballTalk 2014-15 Preview: Chicago Bulls

    Sep 22, 2014, 10:32 AM EDT

    Chicago Bulls v Washington Wizards - NBA Global Games Rio 2013 Getty Images

    A healthy D Rose could have the Bulls contending for a title.

  14. Miami to stick with small ball, including Danny Granger getting time at the four

    Sep 22, 2014, 9:31 AM EDT

    Golden State Warriors v Los Angeles Clippers - Game Two Getty Images

    LeBron is gone but Miami is still playing small, pressuring the ball.

  15. Report: Cavaliers signing A.J. Price

    Sep 22, 2014, 9:05 AM EDT

    Washington Wizards v Cleveland Cavaliers Washington Wizards v Cleveland Cavaliers

    Price will provide point guard depth – at least through training camp

  16. Celtics GM Danny Ainge remains noncommittal on trading Rajon Rondo

    Sep 22, 2014, 8:00 AM EDT

    Oklahoma City Thunder v Boston Celtics Getty Images

    “The truthful answer is I really don’t know.” —Danny Ainge on potentially trading Rajon Rondo

  17. Bucks’ Larry Sanders to play with goggles next season

    Sep 22, 2014, 12:21 AM EDT

    Larry Sanders

    Remember Sanders suffered a serious eye injury last season.

Featured video

What players stood out at World Cup?
Top 10 NBA Player Searches
  1. R. Rondo (2910)
  2. E. Bledsoe (2831)
  3. K. Bryant (2423)
  4. L. James (2358)
  5. D. Rose (2041)
  1. R. Allen (1907)
  2. N. Young (1784)
  3. K. Irving (1627)
  4. B. Jennings (1625)
  5. J. Hickson (1621)