LeBron James takes pay cut to join 76ers as partnership emerges

LeBron James has reportedly signed a contract with the Philadelphia 76ers, taking a significant pay cut, the biggest in NBA history. Recent reports indicate that his partnership with Polymarket, worth $15 million annually, allows him to offset the reduced salary. At 41 years old, James remains a major figure in the league, now with a deal that highlights new financial strategies for veteran athletes. As the 76ers prepare for training camp, the implications of James's agreement are becoming clearer.

• 2:13 PMYahoo Sports — 76ers' LeBron James' reported $15M agreement with company puts historic pay cut in new light