LeBron James signs two-year $8 million deal with 76ers

NBA legend LeBron James has officially joined the Philadelphia 76ers, signing a two-year contract reportedly worth $8 million. The move, confirmed by the league's transaction log on Sunday, July 26, 2026, concludes a whirlwind of speculation and marks a dramatic shift in the franchise's championship aspirations.

The signing followed a public statement James made on Friday, July 24, where he announced his decision to leave the Los Angeles Lakers. In a lengthy social media post, the 41-year-old forward expressed his enduring love for basketball and his desire to compete for another title. He stated his belief that he could help turn the 76ers into a championship team and his excitement to energize a new fan base.

Finalizing the deal required immediate roster adjustments by the Philadelphia front office to comply with the NBA's complex salary cap rules. The team officially waived former first-round pick Dalen Terry to create the necessary financial space. This move ensured the 76ers remained below the league's restrictive first salary cap apron, a critical threshold they had previously triggered through other offseason transactions, including the acquisition of All-Star Jaylen Brown.