LeBron James is widely expected to retire after the 2025-26 NBA season, marking his 23rd year in the league. Reports from multiple sources say he might announce his retirement in August 2025, before the start of that season. This timeline fits with his previous comments about playing 23 years, which corresponds to his and Michael Jordan's jersey number 23. Although there have been rumors of dissatisfaction with the Lakers, LeBron seems poised to finish his career with the team. His wife has expressed a desire for him to retire "in the next year or so," and LeBron himself picked up his player option for the 2025-26 season worth $52.6 million, indicating plans to play that year. Still, there is uncertainty and some ongoing speculation about whether he might continue beyond that or announce a farewell tour during the 2025-26 season. LeBron recently confirmed he will not play in the 2028 Olympics and that his competitive playing days are winding down. The consensus across NBA insiders is that 2025-26 will likely be his final playing season, with an official retirement announcement expected soon.