LeBron's record-breaking NBA pay cut
LeBron James is joining the Philadelphia 76ers for his 24th NBA season with a record-breaking salary reduction, signing for just $3.88 million — the lowest in his career and nearly 93% less than his previous $52.63 million salary. The move reflects his focus on winning his fifth championship over earnings, as his new contract, lasting two seasons with a player option, ranks him 298th among highest-paid players next season. Despite the pay cut, his performance remains impressive, and he publicly considered retirement before deciding to continue playing.
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