The King will remain in L.A. and don the purple and gold for at least one more season. ESPN’s Shams Charania was among the first to break the news on Sunday morning that LeBron James is opting into the $52.

LeBron James will pick up his $52.6 million player option to remain with the Los Angeles Lakers next season, Klutch Sports CEO Rich Paul told ESPN. While James remaining in Los Angeles next season was a given, this decision ends months of speculation about what sort of contract he would return to the Lakers on.