Bronny James was drafted earlier this year as a rookie for the Los Angeles Lakers. He will fulfil his dream of playing alongside his father, LeBron James, who has also been celebrating the news despite all the criticism against the nature of how Bronny was selected as an NBA player.
For many of the prominent American analysts, Bronny wasn’t ready to make his jump to the NBA yet but that didn’t matter. What matters is that the franchise selected him as the 55th pick last week during the 2024 NBA Draft.
Fortunately for Bronny James, his father is the great LeBron James and he will never have to worry about money in his life. But the eldest of Bron’s kids does want to carve his own path.
The reality is that Bronny is already a millionaire in his own right, he already makes important wealth from sposorships and other avenues that we are going to break down. But now that he is a Laker, we need to talk about his contract. Bronny James got a rookie contract for several years.
This is not normal for players who got selected during the NBA Draft’s second round. What happens is that they normally have to compete at a high level at both the NBA Summer League and their respective teams’ training camps to even get a two-year contract.
How does Bronny James make his money?
Bronny James signed a four-year, $7.9 million contract with the Lakers. His deal begins at $1,157,143 in 2024-25 and progresses to $1,955,377 the following year, $2,296,271 in 2026-27 and $2,486,955 for a team option in 2027-28.
In terms of how Bronny made his current money before getting to the NBA, he makes a substantial amount from social media posts and other endorsements. Currently, Bronny James is linked to several Name, Image, and Likeness (NIL) contracts. Recent estimates by On3 do highlight Bronny’s NIL wirth at around $5.9 million as of May 2024. Bronny’s two biggest sponsors are Nike and Beats by Dr. Dre.
According to Forbes, Bronny James is worth an estimated $10 million.