Luka Doncic has signed a massive three-year contract extension worth $165 million with the "Los Angeles Lakers," finally resolving one of the biggest questions of the NBA offseason. The Slovenian star included a player option for the third year, giving himself flexibility for future career decisions.
"We see Luka as our franchise player moving forward," Lakers GM Rob Pelinka reportedly told Doncic during their meeting about the team's future plans.
Doncic had several contract options available but ultimately chose the shorter deal over a potential four-year, $228 million extension. This strategic move allows him to potentially become a free agent in 2028 or 2029, depending on whether he exercises his player option.
The timing is significant. The new contract will begin in 2026 after his current deal expires, meaning Doncic will play at least three more seasons with the "Lakers" - one under his existing contract and two under the new agreement.
By waiting until 2028 to potentially hit free agency, Doncic would complete 10 years in the league, making him eligible for an even larger payday. Should he decline his player option and enter free agency then, he could command a five-year contract worth approximately $418 million - potentially making him the first NBA player to earn $80 million per season. Not bad for a guy who just got traded, right?
Interestingly, the "Lakers" management has already shown unprecedented trust in their new star. Pelinka and head coach JJ Redick held a meeting with Doncic and his business manager to discuss the team's salary cap situation, available draft picks, and even sought his input on potential player acquisitions. At Doncic's suggestion, the team has already signed Marcus Smart.
LeBron James has also resolved his contract situation, exercising his player option to remain with the "Lakers" for one more season at $52.6 million. At 41 years old (this December), James will play his record-setting 23rd NBA season while the team transitions toward building around Doncic.
The "Lakers" now face the challenge of constructing a competitive roster around their Slovenian superstar. With three first-round picks available next summer, the team will likely pursue another star player to pair with Doncic - following their traditional formula of building around superstar duos.
For the upcoming season, the team featuring Doncic, James, Deandre Ayton, and Smart appears to be in a transitional phase rather than immediate championship contention. The real roster overhaul will likely happen next summer when several players' contracts expire or include options.
Could Giannis Antetokounmpo be the next star to join Doncic in Los Angeles? The "Lakers" have historically allowed their franchise players to have input on selecting their star partners. Whatever happens, securing Doncic's future with the franchise represents a significant win for an organization always looking to remain among the NBA's elite.
