UPDATE: According to Mike Bresnahan of the L.A. Times, Kobe won’t be taking a large pay cut as some had suggested:
Well, this is kind of surprising.
The Los Angeles Lakers announced today that they have signed Kobe Bryant to a two-year contract extension, according to a press release from the team:
[pullquote]The Los Angeles Lakers have signed Kobe Bryant to a two-year contract extension, it was announced today by General Manager Mitch Kupchak. Per team policy, terms of the contract were not released.
“This is a very happy day for Lakers fans and for the Lakers organization,” said Kupchak. “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. To play 20 years in the NBA, and to do so with the same team, is unprecedented, and quite an accomplishment. Most importantly however, it assures us that one of the best players in the world will remain a Laker, bringing us excellent play and excitement for years to come.”[/pullquote]
No details yet on how much the extension is worth, but if he plays out his entire contract, this would mean that Bryant would have played 20 years in the league.
More details coming soon.