What happened: James considered retirement before choosing Philadelphia for his 24th NBA season. The agreement runs two years and includes a second-year player option.
Why it matters: The veteran-minimum structure preserves more roster-building flexibility than a market-rate star contract. The option leaves control of a possible 25th season with James.
By the numbers: The two-year, $8 million contract averages $4 million per season. Philadelphia sits $2.01 million below the first apron.
What to watch: Philadelphia is pursuing additional apron space before training camp.