The Lakers did not announce financial terms. Bryant is the highest-paid player in the NBA this season, making $30.4 million. He and Michael Jordan are the only NBA players to make $30 million in one season.
Bryant was eligible to receive 105 percent of his current salary, which would put his 2014-15 earnings at almost $32 million. However, reports out of Los Angeles say the value of the extension is $48.5 million, allowing him to remain among the game’s highest-paid players.