Kobe Bryant has signed a two-year contract extension with the Los Angeles Lakers, the team announced on Monday.
ESPN reported financial terms of the deal were not revealed, but a source told the website the 35-year-old Bryant will remain among the league's highest-paid players. Other sources are saying the deal is worth $48.5 million. Bryant, who is still recovering from a torn Achilles tendon suffered at the end of last season,will make over $30.4 million this season, the final year of his current contract with the Lakers.
The team announced the deal in a press release, saying that the signing "should ensure" that the career-long Laker will finish his career with the team.
"This is a very happy day for Lakers fans and for the Lakers organization," general manager Mitch Kupchak said in the release. "We've said all along that our priority and hope was to have Kobe finish his career as a Laker, and this should ensure that that happens.
"To play 20 years in the NBA, and to do so with the same team, is unprecedented, and quite an accomplishment. Most importantly however, it assures us that one of the best players in the world will remain a Laker, bringing us excellent play and excitement for years to come."
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