Kobe Bryant Signs 2-Year Extension

Source: ESPN

Kobe Bryant signed a two-year contract extension with the Los Angeles Lakers on Monday.

The Lakers did not announce financial terms, but a source told ESPNLosAngeles.com’s Ramona Shelburne that the deal is worth $48.5 million.

Bryant will remain the NBA’s highest-paid player over the course of the extension, the source told Shelburne. The former league MVP will receive $23.5 million in the first year and $25 million in the second year of the extension, according to the source.

Bryant, who is recovering from a torn Achilles tendon, will make over $30.4 million this season, the final year of his current contract with the Lakers.

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