LeBron James You have just entered NBA history. 

The Los Angeles Lakers power forward agreed to a two-year contract extension worth a whopping $97.1 million, Klutch Sports CEO Rich Paul ESPN, Aug.

According to the outlet, the extension makes LeBron the highest-earning player in NBA history—surpassing Brooklyn Nets star Kevin Durant—with $532 million in career guaranteed money.

Klutch Sports, a sports agency founded by LeBron, celebrated his new career milestone on Instagram Aug. 17, writing, “Congrats @kingjames on your 2 year 97.1M dollar extension and becoming the highest paid player in the history of the NBA! #Klutch.”

August 18th, Lakers Vice President Basketball Operations and General Manager Rob Pelinka LeBron issued a statement about the historic agreement.

LeBron, a basketball legend who is also a good friend and mentor to many young people,” he stated. He said, “We are excited to continue our partnership and make sure he is a driving force for Lakers culture in the future.” Lakers’ platform is proving to be a great place for game’s greatest players to succeed and excel.