The Black Mamba has signed a two-year contract extension with the Lakers, which pretty much ensures that he will finish his gilded career with the team. The deal was announced today by General Manager Mitch Kupchak.
"This is a very happy day for Lakers fans and for the Lakers organization," Kupchak said Monday in a statement. "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."
Terms of the extension were not released, but the Los Angeles Times reports that Kobe Bryant will make between $40 million and $50 million for the two years. Barring any unforeseen circumstances, the deal could make Bryant the first player in the history of the NBA to play 20 seasons with a single team.
That’s great for the 35-year-old Bryant, who is still recovering from a torn Achilles injury, but is it a smart business decision for the Lakers?
Eric Pincus, who writes the Lakers 24/7 via Lakers Now blog at the Los Angeles Times.