Skip to content

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

Nov 25, 2013, 12:01 PM EST

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. LeBron James reportedly asked Adam Silver for longer All-Star break, fewer back-to-backs

    Jan 30, 2015, 2:09 PM EST

    2012 Sports Illustrated Sportsman Of The Year Award Presentation - Arrivals Getty Images

    NBA Commissioner has delivered on All-Star Break. Back-to-backs next?

  2. Tyson Chandler, better than ever, thinking legacy

    Jan 30, 2015, 12:49 PM EST

    Dallas Mavericks v New Orleans Pelicans Getty Images

    Will center stick with Mavericks this time?

  3. Mike Dunleavy is smooooth

    Jan 30, 2015, 12:11 PM EST

    Chicago Bulls v Los Angeles Lakers Getty Images

    Sliding into your DMs like…

  4. DeMarcus Cousins wins.

    Jan 30, 2015, 11:33 AM EST

    Kings center waits five years, burns Clay Travis for tweet

  5. Kobe Bryant on if he returns next season: “Yeah, that’s the plan”

    Jan 30, 2015, 9:34 AM EST

    Chicago Bulls v Los Angeles Lakers Getty Images

    Did anyone think he would get injured and say, “nah, I don’t want to fight through this” and walk away?

  6. Report: Magic close to firing Jacque Vaughn

    Jan 30, 2015, 8:37 AM EST

    Orlando Magic v Denver Nuggets Getty Images

    Already facing scrutiny, Vaughn oversaw 15-point loss to Bucks last night

  7. One day after having surgery, Kobe Bryant came to see Pau Gasol

    Jan 30, 2015, 2:48 AM EST

    BKN-NBA-BULLS-LAKERS Getty Images

    “I really appreciate him coming, I didn’t expect it at all.” —Pau Gasol

  8. Report: Magic haven’t ruled out firing Jacque Vaughn in-season

    Jan 29, 2015, 10:45 PM EST

    Jacque Vaughn Jacque Vaughn

    Management is displeased with their underperformance.

  9. Lakers pass out “Thanks Pau” shirts, have video tribute for return of Gasol

    Jan 29, 2015, 10:02 PM EST

    Pau shirt front

    “Don’t it always seem to go that you don’t know what you’ve got ‘til it’s gone.”

  10. Report: NBA passes rule raising the bar for team ownership

    Jan 29, 2015, 9:30 PM EST

    2015 Throne Boxing 2015 Throne Boxing

    The new rule is an attempt to curtail Jay Z-style figurehead owners.

  11. The three biggest All-Star snubs in each conference

    Jan 29, 2015, 8:00 PM EST

    DeMarcus Cousins DeMarcus Cousins

    Damian Lillard, Kyle Korver, DeMarcus Cousins and more.

  12. James Harden, three Hawks players lead list of NBA All-Star Game reserves

    Jan 29, 2015, 7:27 PM EST

    Houston Rockets v Phoenix Suns Getty Images

    DeMarcus Cousins and Damian Lillard were left off in the West.

Featured video

Who should be All-Star Game reserves?
Top 10 NBA Player Searches
  1. C. Anthony (7774)
  2. D. Howard (7335)
  3. R. Rubio (6938)
  4. K. Bryant (6864)
  5. K. Walker (6524)
  1. K. Martin (6365)
  2. H. Whiteside (6356)
  3. N. Batum (6212)
  4. K. Durant (6164)
  5. T. Jones (5942)