LeBron James plans to opt out of the final season of his contract with the Los Angeles prior to Saturday’s deadline, ESPN reported.

The Lakers and James would then work out a new three-year deal. James is eligible for a three-year, $162 million package.

James would receive $51.4 million next season if he decides not to opt out.

Los Angeles is interested in making sure James finishes his legendary career with the franchise.

Earlier this week, the Lakers selected Bronny James, son of LeBron, in the second round (55th overall) of Thursday’s NBA draft.

LeBron James, who turns 40 in December, has expressed multiple times that he wants to play with his son before ending his career.

LeBron James averaged 25.7 points, 8.3 assists and 7.3 rebounds in 71 games this past season, which was his sixth campaign with the Lakers.

James, a four-time MVP, became the first play player in history to top 40,000 career points. He’s a 20-time All-Star and has career averages of 27.1 points, 7.5 rebounds and 7.4 assists in 1,492 regular-season games.

–Field Level Media