It wasn't long ago that Kobe Bryant reportedly wanted out of Los Angeles. He's not going anywhere now.

Fresh off winning the championship, the Lakers guard decided not to exercise an early termination option on the last two years of 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. The Lakers will work with Bryant over the summer and fall to hammer out a new, long-term extension, according to the source.

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