LeBron James is exercising his $52.6 million option with the Los Angeles Lakers for 2025-26, further confirming that he will become the first player in NBA history to play a 23rd season, a person with knowledge of the decision said Sunday. The person spoke to The Associated Press on condition of anonymity because neither James nor the team announced the decision publicly. ESPN and The Athletic were among those to first report the decision. James turns 41 in December. He’s been an All-NBA pick in 21 of his 22 seasons in the league.