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.
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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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