The NBA has become synonymous with massive contracts, with its top stars taking home record-breaking salaries. Back in the 1997-98 season, Michael Jordan earned $33.1 million with the Chicago Bulls, setting a benchmark for the league. But how does that figure hold up against LeBron James’ current earnings with the Los Angeles Lakers?
According to the sports finance site Spotrac, Jordan’s rookie contract with the Bulls was a modest seven-year deal worth $6.3 million. In comparison, LeBron James’ first deal as a rookie with the Cleveland Cavaliers was far more lucrative, totaling over $18.7 million across four years.
The differences grow even starker over time. As the NBA’s salary cap steadily increased, LeBron’s first contract extension dwarfed Jordan’s by more than $34.6 million. While Jordan extended his deal with the Chicago Bulls for eight years at $25.7 million, LeBron secured a four-year extension with the Cleveland Cavaliers worth over $60.3 million.
Jordan’s legendary dominance, particularly during the NBA Finals, eventually led to a major payday. His first major contract came at age 33, during the 1996-97 season, when he earned more than $30.1 million ahead of his fifth championship. Yet even this milestone pales in comparison to what LeBron James earns today with the Lakers.
ichael Jordan and LeBron James hug after the presentation of the NBA 75th Anniversary Team during the 2022 NBA All-Star Game. (Jason Miller/Getty Images
Comparing Jordan’s salary to James’ earnings
Michael Jordan’s highest single-season salary came during the 1997-98 season when he earned just over $33.1 million with the Bulls before leading them to their sixth and final NBA title.
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While this figure was groundbreaking at the time, it falls $15.6 million short of LeBron James’ current salary with the Lakers, where he is earning over $48.7 million for the 2024-25 season.
James’ potential to set an even higher salary record
Despite turning 40, LeBron James continues to deliver All-Star-level performances, averaging 25 points, 8.5 assists, and 8.2 rebounds per game during the 2024-25 season. The Lakers have shown their confidence in his enduring star power.
In fact, LeBron has the opportunity to exercise a player option for the 2025-26 season that would see his salary rise to a staggering $52.6 million—potentially setting another benchmark in NBA earnings.mejor
