Kobe Bryant decided not to exercise an early termination option in his contract and will return for the 2009-10 season, a league source told ESPN.com's Chad Ford.
Bryant is scheduled to make $23 million next season by not opting out. He also has a player option to opt out of his contract in the 2010-11 season.
Bryant and the Lakers will still attempt to agree upon an extension this summer, however.
Via ESPN
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Mike Krzyzewski has been linked to the Lakers head coaching job multiple times since 204 and again denied the possibility on Tuesday.
"I'm not going to the Lakers. They have one of the great coaches in the game," Krzyzewski said. "I don't know where that rumor started, but there has been nothing done like that, and I'm not leaving Duke. Whatever you hear about anything like that, I will never leave Duke until I leave coaching."
Via ESPN
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Kobe Bryant must officially notify the Lakers via fax by the end of Tuesday should he decide to terminate his contract.
The Lakers declined to comment. Bryant's agent, Rob Pelinka, did not return a phone call.
Detroit, Memphis and Oklahoma City are the only teams far enough under the salary cap to even contemplate signing Bryant to a five-year deal this summer, but they wouldn't be close enough to match Bryant's $23-million salary next season without shedding additional salaries.
Via Los Angeles Times
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Lakers Jun 2009 Archive
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Press-Enterprise | Jun 30, 2009
Trevor Ariza's agent David Lee said Monday that the Lakers won't receive a hometown discount from his client.
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Newsday | Jun 29, 2009
The Lakers and Kings appear to be the front runners to land guard Nate Robinson, a restricted free agent of the Knicks.
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New York Daily News | Jun 25, 2009
Sources said that the Knicks have paid $3 million for the pick and are also giving the Lakers their second round pick in 2011 in order to acquire the 29th overall pick.
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DraftExpress | Jun 25, 2009
The Knicks are telling colleagues they have purchased the 29th overall pick from the Lakers.
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Los Angeles Times | Jun 25, 2009
The Lakers contacted the Rockets about dealing for Jordan Farmar or purchasing their first-round pick.
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USA Today | Jun 24, 2009
The Lakers are looking to unload the 29th overall pick.
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ESPN | Jun 23, 2009
Phil Jackson insisted that health concerns would be the only reason that prevented him from completing the final season of his current coaching contract.
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Sports Radio Interviews | Jun 22, 2009
Lakers coach Phil Jackson still isn't sure if he'll return next season, but made it known that he would like to give it one more go.
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ESPN | Jun 20, 2009
Phil Jackson would like to coach another year, but "health issues" might prevent him from doing so.
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USA Today | Jun 19, 2009
Kobe Bryant had his exit interview with Phil Jackson and Mitch Kupchak on Friday.
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SI.com | Jun 18, 2009
Lamar Odom and Trevor Ariza will be unrestricted free agents, but both players want to remain with the Lakers.
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MLive.com | Jun 18, 2009
Trevor Ariza has said that he wants to remain with the Lakers, but it remains to be seen whether they'll be able to afford him.
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Los Angeles Times | Jun 17, 2009
Kobe Bryant is expected to re-sign with the Lakers for five years and about $135 million.
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Sports Radio Interviews | Jun 17, 2009
Dwyane Wade believes that Kobe Bryant is the best player in basketball today, but says that no one is better than Michael Jordan.
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Sports Radio Interviews | Jun 17, 2009
Mavericks owner Mark Cuban said in a recent radio interview that he is almost certain that the club would have traded Dirk Nowitzki for Kobe Bryant in 2007.
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AP | Jun 17, 2009
Trevor Ariza hopes to remain with the Lakers.
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ESPN | Jun 16, 2009
Derek Fisher says he thinks Coach Phil Jackson will return for another season.
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ESPN | Jun 16, 2009
Television ratings for the NBA Finals were down from last year's numbers.
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ESPN | Jun 16, 2009
The Lakers will have a victory parade after all, despite looting and vandalism on Sunday night and concerns over the cost.
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Los Angeles Times | Jun 15, 2009
Charles Barkley doesn't think that Phil Jackson will return to coach the Lakers next season.
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ESPN | Jun 15, 2009
Lakers coach Phil Jackson once called Kobe Bryant "a selfish player," but now sees his best player a little differently.
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ESPN | Jun 15, 2009
Shaquille O'Neal congratulated Kobe Bryant on winning his fourth NBA title via Twitter on Sunday night.
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RealGM Staff Report | Jun 15, 2009
Kobe Bryant could become the NBA's first $30 million man since Michael Jordan.
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RealGM Staff Report | Jun 14, 2009
The Los Angeles Lakers have won their 15th NBA Finals in franchise history, defeating the Magic 99-86 in Game 5.
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Jarrod Rudolph/Twitter | Jun 14, 2009
RealGM contributor Jarrod Rudolph is Tweeting live from press row at Game 5 of the NBA Finals.
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Boston Globe | Jun 14, 2009
Randy Auerbach believes that his father's nine championship rings are different than those of Phil Jackson.
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Yahoo! Sports | Jun 14, 2009
Kobe Bryant admitted on Saturday that he knows he is close to a "special" opportunity.
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ESPN | Jun 14, 2009
Magic center Dwight Howard says that the NBA Finals will be returning to Los Angeles for a Game 6.
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RealGM Staff Report | Jun 13, 2009
Lakers head coach Phil Jackson has been fined $25,000 for criticizing game officials.
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ESPN | Jun 13, 2009
Kobe Bryant dropped a significant hint on Saturday that he has no intention of leaving the Lakers.
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Press-Enterprise | Jun 12, 2009
Phil Jackson wasn't overly upset with Alonzo Mourning's suggestion that he is overrated.
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ESPN | Jun 12, 2009
Magic guard Mickael Pietrus will likely be fined for flagrantly fouling Pau Gasol in the final seconds of Game 4.
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RealGM Staff Report | Jun 12, 2009
The Lakers won Game 4 in come from behind fashion after Dwight Howard left the door open following two missed free throws with 11.1 seconds remaining in the 4th quarter.
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Toronto Sun | Jun 10, 2009
Trevor Ariza has played well for the Lakers during their run to the NBA Finals and will hit the free agent market this summer.
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Los Angeles Daily News | Jun 10, 2009
The Lakers' Pau Gasol believes that Magic star Dwight Howard gets away with more physical play in Orlando.
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ESPN | Jun 10, 2009
Lakers coach Phil Jackson says that Pau Gasol should have been called for goaltending on Courtney Lee's potential game-winning layup in Game 2.
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RealGM Staff Report | Jun 10, 2009
The Orlando Magic won Game 3 by a final score of 108-104 to make the series 2-1 in favor of the Los Angeles Lakers.
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Jarrod Rudolph/Twitter | Jun 9, 2009
RealGM contributor Jarrod Rudolph is Tweeting live from press row at Game 3 of the NBA Finals.
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Los Angeles Times | Jun 9, 2009
LAPD Capt. Blake Chow is planning for a Lakers victory parade.
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Yahoo! Sports | Jun 9, 2009
Lakers coach Phil Jackson says that he has never been tempted to coach Team USA in the Olympics.
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Los Angeles Times | Jun 9, 2009
A pair of goaltending non-calls from Sunday night's Game 2 have fans of both the Lakers and Magic complaining.
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Los Angeles Times | Jun 9, 2009
Dwight Howard has become frustrated by how the Lakers have played him defensively.
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Yahoo! Sports | Jun 8, 2009
Kobe Bryant refused to even crack a smile after the team's 101-96 overtime win over the Magic on Sunday.
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Los Angeles Daily News | Jun 8, 2009
The Lakers were thrilled to have escaped Game 2 with a victory on Sunday night, and were happy with their energy level.
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ESPN | Jun 8, 2009
The Lakers defeated the Magic 101-96 in overtime on Sunday night to take a 2-0 lead in the NBA Finals.
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Yahoo! Sports | Jun 7, 2009
The Lakers claim that they would have been fine if Kobe Bryant bolted via free agency five years ago.
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Los Angeles Daily News | Jun 7, 2009
The NBA's All-Star Game will be played at Staples Center in 2011, a league source said Saturday.
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Yahoo! | Jun 6, 2009
Multiple league sources, including the Lakers, believe Shaquille O'Neal wants to return to Los Angeles.
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ESPN | Jun 6, 2009
Tiger Woods lives in Orlando and is often seen courtside at Magic games, but is rooting for the Lakers in the NBA Finals.
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Yahoo! Sports | Jun 6, 2009
Lakers legend Kareem Abdul-Jabbar doesn't understand why Shaquille O'Neal says some of the things he does.
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Orlando Sentinel | Jun 6, 2009
After Kobe Bryant went off for 40 points in Game 1, the Magic say they will look to restrict his movement.
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Los Angeles Daily News | Jun 6, 2009
Dwight Howard feels like he has a special connection to Andrew Bynum, and he wants to see his Finals opponent do well.
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Los Angeles Daily News | Jun 6, 2009
Lamar Odom, who will be an unrestricted free agent this summer, says that he hopes to re-sign with the Lakers.
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ESPN | Jun 6, 2009
Magic coach Stan Van Gundy says that Rafer Alston will continue to start at point guard against the Lakers.
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Yahoo! Sports | Jun 5, 2009
Kobe Bryant has stressed the importance of keeping the pressure on the Magic.
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Yahoo! Sports | Jun 5, 2009
Dwight Howard isn't overly concerned about his team's disappointing performance in Game 1 against the Lakers.
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RealGM Staff Report | Jun 4, 2009
With 40 points, eight rebounds and eight assists from Kobe Bryant, the Lakers cruised to a 100-75 victory in Game 1 of the 2009 NBA Finals against Orlando.
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SI.com | Jun 4, 2009
Jameer Nelson returned way ahead of schedule to play in the first game of the NBA Finals.
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Brandon Hoffman/RealGM | Jun 4, 2009
Game 1 of the 2009 NBA Finals is finally here. Brandon Hoffman breaks down every angle and potential advantage of the match-up.
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New York Times | Jun 4, 2009
Andrew Bynum has repeatedly showed strong displeasure at Phil Jackson in the media for his lack of playing time since coming back from injury.
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New York Post | Jun 4, 2009
Trevor Ariza will be an unrestricted free agent and his play with the Lakers will likely result in a significant salary increase.
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New York Post | Jun 4, 2009
A commercial for NBA 2K10 puts Kobe Bryant in a Knicks uniform.
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Los Angeles Times | Jun 3, 2009
Lakers coach Phil Jackson has asked his players to leave their cell phones off until the Finals are over.
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New York Times | Jun 3, 2009
Lakers guard Kobe Bryant hasn't really had a true rival in his 13 NBA seasons.
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ESPN | Jun 3, 2009
Magic guard Mickael Pietrus has been wearing sneakers endorsed by Kobe Bryant this season.
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Los Angeles Times | Jun 3, 2009
In an alternate universe, Kobe Bryant and Dwight Howard could have became teammates on the Clippers.
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ESPN | Jun 3, 2009
President Barack Obama believes that the Lakers will win the NBA Finals in six games.
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Los Angeles Daily News | Jun 2, 2009
The Lakers weren't ready to play the Celtics in last year's NBA Finals, but coach Phil Jackson believes his club is this time around.
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Los Angeles Times | Jun 1, 2009
A doctor believes that Lamar Odom's love for sweets is to blame for his up-and-down play on the basketball court.
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Yahoo! Sports | Jun 1, 2009
The Lakers are focused and appear hungry for a different result in this year's NBA Finals.
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