LeBron James sacrifices most of salary to continue NBA career

LeBron James has joined the Philadelphia 76ers on a reduced salary of $3.88 million in his twenty-fourth season in the NBA, marking the largest decrease in his career at 93% compared to his salary last season of $52.63 million. The new salary for the 41-year-old James is lower than what he earned in his first season in 2003/2004, which was $4 million. Through this salary reduction, James aims to continue playing and pursue another NBA championship, having earned over $580 million from basketball contracts and endorsements throughout his career. His contract with the Sixers extends for two seasons with a team option for an additional year. He had considered retirement last summer.

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