Despite the team's early playoff exit, James' individual excellence did not go unnoticed. The NBA announced that Shai Gilgeous-Alexander of the Oklahoma City Thunder won the 2024-25 MVP award, with Nikola Jokic finishing second and Giannis Antetokounmpo rounding out the top three.

However, their postseason run was short-lived, as they were eliminated in the first round by the Minnesota Timberwolves in five games. In the aftermath of the early playoff exit, head coach JJ Redick emphasized the need for the team to get into "championship shape" during the offseason,