The future of Los Angeles Lakers guard Austin Reaves appears uncertain, as he is expected to turn down an extension and test free agency in 2026. The 26-year-old, who has become an integral part of the Lakers’ roster, is currently in the second year of a four-year, $53 million contract but is in line for a much larger deal in the near future.
“The way he’s played the last two-plus months, he’s clearly a high 20s, if not a 30+ million dollar per year player. I suspect the Lakers will make the formal offer of an extension and say, ‘Hey, this is the most we can offer. We’d love for you to sign this and remain a Laker for the foreseeable future.'”
“I’d expect Austin to decline that and not sign that extension and then opt out after the 2025-26 season. He’s got a player option for 2026-27. So, I think in that 2026 summer, he will opt out.”
“He will test free agency, and then he will try to remain a Laker long-term, but it’s gonna come down to what type of contract they offer him. He’s a guy who should be making at least 27-28+ million, if not 30+ million moving forward.”
Reaves is putting up strong numbers this season, averaging 19.2 points, 4.3 rebounds, and 6.1 assists per game while shooting 44.6% from the field and 36.0% from beyond the arc. His ability to step up in the absence of other stars has been vital for the Lakers, especially after the trade of Anthony Davis.
Even when LeBron James has been sidelined, Reaves has taken on a larger offensive role. Now, with Luka Dončić in the mix, he has cemented himself as the Lakers’ clear third option, making him one of the best third options in the league—something few teams can boast.
Despite his significance to the team, the Lakers’ initial extension offer reportedly falls short of his market value. According to Jovan Buha of The Athletic, the team is expected to propose a four-year deal worth around $88-$90 million, averaging $22-$23 million per season.
However, Buha argues that Reaves should be earning closer to $27-$30 million annually based on his recent production and performance.
Currently earning $12.9 million this season, Reaves is set to make $13.9 million in 2025-26, with a $14.8 million player option for 2026-27. Given his level of play, it is widely anticipated that he will decline the option in search of a more lucrative long-term contract, whether with the Lakers or another team.
Buha also pointed out that Reaves is unlikely to offer the Lakers a discount. A fan favorite in Los Angeles, Reaves has had a remarkable rise from being an undrafted rookie to a key starter. He played a crucial role in the Lakers’ 2023 NBA Cup championship run, earning a reputation as one of the best undrafted players in league history.
As 2026 free agency nears, Reaves will have a significant decision to make. While the Lakers are expected to make a strong push to keep him, other teams will likely present aggressive offers, making his future one of the most intriguing storylines to follow in the coming years.
