Austin Reaves boosting value in contract year

“That guy is going to show up in the big moments,” head coach JJ Redick said after Wednesday’s win over the Timberwolves, per Dave McMenamin of ESPN. “I’m not surprised. He’s done that many times in his career.”

Reaves, 27, is averaging an eye-popping 34.2 points, 10.0 assists, and 5.6 rebounds through his first five games this season, making 52.5% of his shots from the field, including 38.5% of his three-pointers. He also leads the NBA in free throws made per game (10.4).

While he’s very unlikely to continue producing at that rate, Reaves is off to a terrific start in what figures to be a contract year. He holds a $14.9M player option for the 2026-27 season but is a virtual lock to decline that option in search of a more lucrative deal.

The fifth-year guard is technically extension-eligible now, but can’t sign for more than $87.4M over four seasons, so he reportedly plans to wait until the 2026 offseason to get a new contract done. According to ESPN’s Tim Bontemps, the belief around the NBA is that he’ll be able to command at least $30M per year, and potentially well above that number.

“He’s always been a very good player, but now he’s in a role where he can have the ball and generate a lot of offense,” a Western Conference executive told ESPN. “Someone is going to pay him a lot of money next summer.”

Another executive who spoke to Bontemps suggested that Reaves’ value on the open market could far exceed $30M per year, speculating that a rival suitor might be willing to offer him $180M for four seasons. While that may be more than the Lakers were prepared to pay for the former undrafted free agent, they have the cap flexibility to make a significant offer themselves and could give themselves a leg up by putting a five-year deal on the table — other teams wouldn’t be able to exceed four years.

“I don’t think he’s going to quite keep up this pace because LeBron will take away touches,” that second executive said to ESPN. “But he is good and the Lakers intend to keep him and he intends to stay, so my guess is it gets done.”