The Los Angeles Lakers have re-signed guard Austin Reaves to a four-year, $185-million maximum contract, sources told ESPN's Shams Charania.
Reaves inks the deal after declining a $14.9-million player option for the 2026-27 season.
The 28-year-old's new contract includes a player option for the final season in 2029-30, according to Charania. It's also the richest deal signed by an undrafted player in NBA history.
The Lakers and Austin Reaves agreed to a four-year maximum contract his new $185M contract. Here's how that deal will look:
— Keith Smith (@KeithSmithNBA) June 24, 2026
26-27: $41.3M
27-28: $44.6M
28-29: $47.9M
29-30: $51.2M (player option)
Reaves' deal will get signed after the Lakers use their cap space, should they…
Reaves is being rewarded for last season's productivity. He averaged a career-best 23.3 points, 4.7 rebounds, and 5.5 assists on 49% shooting in 51 contests and ranked second on the team in scoring behind league-leader Luka Doncic.
Reaves has spent five seasons with the Lakers after going undrafted in 2021 and subsequently joining Los Angeles on a two-way deal. He then signed a standard contract before agreeing to a four-year, $53.8-million pact ahead of the 2023-24 campaign.
Leading up to the draft, Los Angeles had preliminary discussions with LeBron James' representatives about his potential return for the 2026-27 season, sources told The Athletic's Dan Woike.
Other Lakers players set to become unrestricted free agents include Luke Kennard, Rui Hachimura, and Jaxson Hayes.
