Bryant opts to stay with Lakers

Kobe Bryant has opted not to terminate the final two years of his contract with the Los Angeles Lakers and is expected to sign a three-year contract extension later this month.

Bryant, who led the Lakers to their 15th NBA crown with a convincing 4-1 series win over the Orlando Magic last month, has spent his entire 13-season career in Los Angeles.

He had until Tuesday to become an unrestricted free agent but decided not to exercise that option.

"Kobe passed on his option to cancel the final two years of his contract," Lakers spokesman John Black told Reuters. "However, at the conclusion of next season, he will have the option to cancel the final year of his contract."