LeBron James will play with his son during the 2024-25 NBA season.

The future Hall of Famer is allegedly staying with the Los Angeles Lakers on a two-year, $104 million contract that includes a player option and a no-trade provision. Shams Charania of The Athletic initially reported on the transaction.

James opted out of the final year of his deal before entering NBA free agency, although it was expected that he would return to the Lakers. He was eligible to sign a three-year, $162 million contract with Los Angeles, but he allegedly chose a two-year agreement with a player option, letting him to return to free agency next summer.

The purported new agreement for James comes one day after the Lakers revealed his son, Bronny James, who was drafted with the 55th choice in the 2024 NBA draft. Bronny James is reportedly planning to sign a traditional NBA contract with numerous guaranteed seasons.

LeBron and Bronny James will have the opportunity to become the first father-son duo in NBA history to play in the league together, let alone on the same team.

‘Biggest flex’: NBA world responds to Bronny James joining LeBron’s Lakers

James, 39, is starting his 22nd NBA season. In 2023-24, his sixth season with the Lakers, he averaged 25.7 points, 8.3 assists, and 7.3 rebounds per game while being named to his record-breaking 20th NBA All-Star Game and earning third-team All-NBA recognition.

The Lakers finished 47-35 during the regular season and were ousted from the playoffs by the Denver Nuggets for the second consecutive year. JJ Redick, James’ co-host on the ‘Mind the Game’ podcast, took over as head coach immediately after Darvin Ham was fired.