LeBron James remains "extremely happy in Los Angeles despite the Lakers' back-to-back rocky seasons," sources tell Marc Stein of Substack.

James and his family relocated full time to Los Angeles in 2018 and they have become even more entrenched in the community.

"The prevailing thinking in league circles holds that only the chance to play elsewhere alongside son Bronny James, who will be eligible for the 2024 draft and continues to develop as an NBA prospect, would spur LeBron to push for an L.A. exit," writes Stein.

James is eligible for an extension on August 4th and he has three options available to him:

1. Play out the final season of his $44.5 million contract and become a free agent in 2023
2. Sign a one-year extension worth $46.7 million
3. Sign a one-plus-one extension worth $97.1 million

Because James will not be subject to the Over-38 rule, he cannot sign anything longer than a two-year extension.