Lakers Re-Sign Austin Reaves to Record $185M Deal Sport By lines June 24, 2026 The Austin Reaves extension became the Los Angeles Lakers top offseason win on June 24, 2026. Austin Reaves agreed to a four-year, $185 million maximum deal. Austin Reaves now anchors the Los Angeles Lakers backcourt next to Luka Doncic. Why the Lakers Paid Austin Reaves a Record Max The Los Angeles Lakers and Austin Reaves agreed to a four-year contract worth $185 million. Austin Reaves declined a $14.9 million player option to sign the new deal. The Austin Reaves contract also carries a player option for the 2029-30 season. The agreement closed on June 24, 2026. The Austin Reaves deal pays $41.3 million in 2026-27 and $44.6 million in 2027-28. The contract then pays $47.9 million in 2028-29 and $51.2 million in 2029-30. Austin Reaves holds a $20.9 million cap hold until he signs. The structure spreads $185 million across four seasons. The Austin Reaves talks ran across the final 10 days of the Los Angeles Lakers offseason. Agents Aaron Reilly and Reggie Berry of AMR Agency led the negotiation. The deal resolved one of the Los Angeles Lakers top June priorities. Both sides reached terms before the free-agency window opened. Austin Reaves entered the NBA undrafted out of Oklahoma in 2021. The new contract makes Austin Reaves the highest-paid undrafted player in NBA history. Austin Reaves joined the Los Angeles Lakers as an undrafted free agent that same summer. The 2021 path now ends in a $185 million payday. Austin Reaves grew from a roster long shot into a Los Angeles Lakers starter. The Los Angeles Lakers reached the 2026 playoffs before falling to the Oklahoma City Thunder. Austin Reaves shared shot creation duties with Luka Doncic in that run. The new deal rewards that on-court growth. The Austin Reaves extension keeps the Los Angeles Lakers core intact around Luka Doncic. The Los Angeles Lakers retained Austin Reaves without cutting into summer cap space. The Los Angeles Lakers now weigh a separate LeBron James free-agency decision. Reaves and Doncic give the backcourt a fixed foundation. The $185 million price signals how the Los Angeles Lakers value Austin Reaves as a long-term piece. The four-year term locks Austin Reaves through the 2029-30 season. The player option hands Austin Reaves control over his final year. The Los Angeles Lakers accept that risk to keep the guard. Austin Reaves will sign last, after the Los Angeles Lakers spend their available cap room. NBA free agency lets the Los Angeles Lakers reshape the roster around Austin Reaves and Luka Doncic. The Los Angeles Lakers still must address frontcourt depth this summer. Watch how the Los Angeles Lakers fill the rotation next. Related Sports Coverage Giannis Traded to Heat in Blockbuster Bucks Deal2026 NBA Draft: Wizards Take Dybantsa No. 1NBA Power Rankings: All 30 Teams Reporting drawn from ESPN, NBC Sports, and the Associated Press.
