LOS ANGELES – In a major move to solidify their young core, the Los Angeles Lakers are reportedly finalizing a four-year, $89.2 million contract extension with breakout guard Austin Reaves, according to ESPN sources. The deal, which is expected to be formally announced early next week, would secure Reaves’ presence in purple and gold through the 2028-2029 NBA season.
Reaves, 26, has been one of the most promising young players in the league over the past two seasons. Undrafted in 2021, he quickly became a fan favorite and a pivotal contributor for the Lakers, demonstrating poise, versatility, and clutch play well beyond his years. His new contract reflects not only his on-court impact but also the franchise’s commitment to building around a core that includes Luka Doncic and potentially LeBron James, should he remain in Los Angeles.
The reported deal will pay Reaves an average of $22.3 million per year, a significant raise from the four-year, $53.8 million offer sheet he signed last summer. That contract, matched by the Lakers to prevent his departure in restricted free agency, set the stage for what has now become a more lucrative, long-term commitment.
A Rising Star in Hollywood
Reaves’ ascent has been one of the NBA’s most compelling recent storylines. After splitting time between the bench and starting lineup in his rookie campaign, he fully emerged during the 2022-23 and 2023-24 seasons as a dependable two-way guard. In the 2024 season, he averaged 17.1 points, 5.4 assists, and 4.2 rebounds per game, shooting over 48% from the field and 39% from three-point range.
His chemistry with LeBron James and Luka Doncic became a cornerstone of the Lakers’ offensive schemes. Head coach JJ Riddick often praised Reaves’ basketball IQ and work ethic, noting his “fearlessness in big moments.” In several high-stakes games, including the Lakers’ 2024 playoff run, Reaves delivered clutch performances that further raised his profile.
Securing the Future
The Lakers’ decision to lock in Reaves long-term is part of a broader strategy to balance veteran leadership with youthful energy. General Manager Rob Pelinka has been vocal about his desire to maintain continuity on the roster while adding complementary pieces. With Doncic already under contract through 2028 and Reaves now set to join him, the Lakers have ensured a level of stability amid the uncertainty of LeBron James’ future.
There had been speculation that Reaves might test the market again in 2025 if the Lakers didn’t act swiftly. However, internal sources indicated mutual interest in remaining together, with Reaves consistently expressing his loyalty to the franchise that gave him his NBA shot.
“I’ve said it before—this is where I want to be,” Reaves told reporters in April. “This team, this city, these fans—they all mean a lot to me. I want to win here.”
What It Means for the Lakers
With Reaves’ extension, the Lakers retain a dynamic guard who can facilitate, defend multiple positions, and stretch the floor. His ability to thrive both on and off the ball allows greater flexibility in the team’s offensive sets, especially when paired with a high-usage star like James or Doncic.
Financially, the Lakers will have to navigate a tighter salary cap situation, especially if they attempt to add another star in free agency or via trade. However, insiders believe the front office views Reaves as a foundational piece rather than a luxury. His development into a near-All-Star caliber player has made this extension more of a necessity than a gamble.
Reaves’ deal will become official once the NBA’s moratorium period lifts on July 6, but verbal agreements are expected to be finalized soon.
In a league where undrafted players rarely rise to prominence, Austin Reaves continues to defy expectations. Now, with his future secured in Los Angeles, the next chapter of his improbable journey begins—with championship aspirations and an $89.2 million vote of confidence from the Lakers.
