Jim Buss: Kobe deal 'right thing'

"Generally speaking, I guess we all at some point have to make sacrifices. But we'll see," he said. "I don't know what my situation is going to be or the team interest going forward. That hasn't been expressed to me as much as I'm sure it has been expressed to him and shown to him at this point. So, I'm just going to focus on continuing to play."

The team announced Bryant's extension in a news release, saying the signing "should ensure" that Bryant finishes his storied career with the Lakers.

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

Bryant, who has helped the Lakers win five NBA championships, took to Twitter on Monday morning, posting a photo of his signature on the contract.

Bryant later posted a picture of him signing the contract, along with Buss, Kupchak and agent Rob Pelinka, with the caption, "What an HONOR. #laker4life #lakers #bussfamily#thankyou #extended."

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