Kobe is 31 right now. The contract runs until 2013-2014. He'll be 34 by the time the contract expires... He'll still be one of the top players in the league, regardless of age, barring any major injury, which you cannot predict anyways. Is it overpaying? Sure, but it's not a big deal. It would be a big deal if he signed the deal for 5 years, but a 3 year extension is perfect. Rashard Lewis is making 18 million, going onto 23 million as his contract goes on, and Kobe definitely deserves more than that. Again, it's not my money. If Buss is willing to shell out the money, good for him .