Kobe Bryant signs two-year contract extension with Lakers

Deal reportedly worth $40M-$50M

LOS ANGELES - The Lakers announced Monday that the team has signed Kobe Bryant to a two-year contract extension in hopes of having the 35-year-old all-star finish his career in Los Angeles.

On his Twitter page, Bryant posted a photo of his signature and that of Lakers General Manager Mitch Kupchak on the contract, and wrote "#Laker4Life."

"This is a very happy day for Lakers fans and for the Lakers organization," Kupchak said. "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."

Terms of the contract were not released. A source told the Los Angeles Times that Bryant will earn between $40 million and $50 million for the two years.

Bryant is the Lakers' all-time leading scorer and ranks fourth on the NBA's all-time scoring list. He is a 15-time NBA all-star and was the league MVP in 2007-08.

Bryant has not yet played this season as he continues recovering from an Achilles injury suffered near the end of last season.

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