Lakers Star Luka Doncic Agrees to Three-Year, $165M Max Extension

Luka Doncic #77 of the Los Angeles Lakers during the game against the Minnesota Timberwolves during Round 1 Game 4 of the 2025 NBA Playoffs on April 27, 2025 at Target Center in Minneapolis, Minnesota. (Photo by David Sherman/NBAE via Getty Images)

By Avery Torff | Aug 1, 2025 | 1:03 PM |

Los Angeles Lakers star guard Luka Doncic has agreed to a three-year, $165 million maximum contract extension, which includes a player option for 2028, according to ESPN’s Shams Charania.

The new deal takes Doncic off the free agent market for next summer, replacing his 2026-27 player option with a new contract.

If Doncic opts out in 2028, he could sign a new five-year, $417 million contract at 35% of the projected salary cap. That deal would allow him to make up for the earnings he lost after being traded by the Dallas Mavericks, who could’ve offered him a five-year, $315 million supermax extension this summer.

The Lakers announced on Saturday that they’ve signed Doncic to an extension, though they did not disclose terms. 

"I'm really grateful to the Lakers organization, my teammates and the fans for welcoming me and my family with so much support and kindness since day one," Doncic said in a statement. "This is an amazing organization, and I truly believe in what we're building together. I'm going to keep working as hard as I can to bring another championship to Los Angeles and to make Laker Nation proud.

"This is just the beginning. I'm excited for what's ahead and to keep building something special with this team."

Last season, Doncic appeared in a career-low 50 games between the Mavericks and Lakers, averaging 28.2 points, 8.2 rebounds, and 7.7 assists. After joining the Lakers, he led the team in nearly every major statistical category, including points, rebounds, assists, steals, and three-pointers per game.

In his first playoff run with the Lakers, Doncic became just the fifth player in franchise history to average at least 30 points, 5 rebounds, and 5 assists in a single series. Still, the Lakers fell in five games to the Minnesota Timberwolves in the opening round.