Luka Dončić will be calling Los Angeles home for the foreseeable future after he agreed to a three-year, $165 million maximum extension with the Lakers. It includes a player option for the 2028-29 NBA season, ESPN reported on July 2.
Dončić was previously on a five-year, $215.2 million deal, which contained an opt-out for the 2026-27 season.
The Lakers acquired Dončić from the Dallas Mavericks in February for a package that included five-time All-NBA honoree Anthony Davis, Max Christie and a future first-round draft pick.
The 26-year-old superstar has averaged 28.2 points, 8.1 rebounds, 7.5 assists and 1.6 steals per game, while shooting 43.8/37.9/79.1 across his 28 regular-season games with the Lakers, who claimed the No. 3 seed in the Western Conference but lost to the Minnesota Timberwolves in five games in the first round of the playoffs.
In other offseason news, the Lakers signed center Deandre Ayton (two years, $16.2 million), veteran guard Marcus Smart (two years, $10.5 million) and forward Jake LaRavia (two years, $12 million) to new deals, among other moves.
Lakers icon LeBron James opted into his $52.6 million salary for next season.
Dončić, a five-time All-NBA honoree and one-time scoring champion, spent the first five-plus seasons of his career with the Mavs, most notably helping them reach the 2024 NBA Finals and the Western Conference Finals twice.
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