Los Angeles, CA – April 23, 2025 — In a blockbuster move that is sending shockwaves through the NBA, the Los Angeles Lakers have officially announced the signing of Luka Dončić to a massive five-year contract extension worth a staggering $418 million. The deal, which sets a new record for the richest contract in NBA history, solidifies Dončić as the face of the franchise and a cornerstone of the Lakers’ future.
The 26-year-old Slovenian superstar, widely regarded as one of the most talented players of his generation, made headlines last summer when he was traded from the Dallas Mavericks to the Lakers in a high-profile deal. Since arriving in Los Angeles, Dončić has quickly endeared himself to fans with his electrifying play, elite court vision, and clutch performances.
“This is a dream come true,” Dončić said during a press conference at the Lakers’ training facility in El Segundo. “To wear purple and gold, to be part of this legacy, and now to commit my future here – it means everything to me. I want to bring championships back to LA, and this is just the beginning.”
The extension will keep Dončić under contract through the 2029-30 NBA season and includes performance incentives, player options, and trade clauses that further emphasize the Lakers’ commitment to building around him. Sources close to the negotiations say the deal also includes a no-trade clause, a rarity in the NBA, underscoring the mutual trust between Dončić and the organization.
Lakers GM Rob Pelinka expressed his excitement about locking down Dončić for the long term. “Luka is a generational talent. He’s a winner, a leader, and a player who elevates everyone around him. This contract reflects not only his immense value on the court but also his role as a cultural icon for our team and our city.”
Since joining the Lakers, Dončić has averaged 30.1 points, 9.8 assists, and 8.6 rebounds per game, leading the team to a 52-30 record and a strong playoff push. His ability to take over games and deliver in crunch time has drawn comparisons to Laker legends like Kobe Bryant and Magic Johnson.
Dončić’s presence has also brought a surge in merchandise sales, television ratings, and global interest in the Lakers franchise, particularly in European markets. The team’s social media engagement has nearly doubled since his arrival.
With this extension, the Lakers have sent a clear message to the league: they are all-in on winning now and building a dynasty for the future. The move also provides stability amid uncertainty surrounding the aging core of Anthony Davis and LeBron James, who has hinted at potential retirement in the near future.
NBA Commissioner Adam Silver released a statement praising the deal. “Luka Dončić is one of the faces of the NBA, and this agreement between him and the Lakers is great for the league. It keeps a superstar in a marquee market and showcases the global reach of our game.”
As the playoffs loom, expectations are sky-high in Los Angeles. And with Luka Dončić now locked in for the long haul, the Lakers—and their fans—believe the next era of greatness is just beginning.
