The final dagger was stuck through the heart of Dallas Mavericks fans when Luka Doncic signed his new contract extension with the Los Angeles Lakers: a three-year, $165 million deal. Some thought that since the Lakers didn't have much advantage over any other team, Doncic may test the waters in free agency next offseason. But he ended a United States Jordan Brand tour by signing his new contract in Los Angeles.
Had he stayed in Dallas, he would've been eligible for a five-year, $345 million supermax extension, so he signed for $180 million less than he would've been able to six months ago. That's a staggering number. Over the next three years, he'll also make about $10 million less than Anthony Davis, which is hilarious on the outset.
The three-year deal is purposeful. Some want to believe it's connected to the Mavericks owning the Lakers' 2029 first-round pick, and his current deal would expire in either 2028 or 2029, depending on his player option. If, for some reason, he declines that player option in 2028 and leaves, that 2029 pick could be a juicy one.
However, the real reason is that a 2+1 deal allows Doncic to renegotiate his contract and recoup nearly all of the money he lost by the Mavericks trading him when they did.
I just signed my extension with the Lakers. Excited to keep working to bring championships to LA and make Laker Nation proud. Grateful to the Lakers, my teammates and all the fans who’ve shown so much love since day one. This is just the beginning. pic.twitter.com/PrTfTxxlpU
— Luka Doncic (@luka7doncic) August 2, 2025
According to ESPN's Bobby Marks, Doncic will be eligible to sign a five-year, $418 million contract in the 2028 offseason, and could likely become the first player to make an annual salary of over $80 million if the salary cap jumps as it's projected to. That wouldn't entirely make up for the money lost from the Mavericks not signing him, but it's pretty close.
As a side note, Doncic has also pledged $5 million of the new deal to 77 athletes around the world to "chase their dreams, just like I did. Basketball gave me everything, and I’m lucky to be able to give back and help the next generation."
The Lakers made it a point to not sign anyone to a long contract this offseason so they can plan for 2026 and 2027. As of now, Doncic is the only player guaranteed to be under contract in the 2027-28 season. Jarred Vanderbilt has a player option for that season worth $13 million (hard to imagine him not picking that up, but they could try to trade him), and Dalton Knecht, Bronny James, and Adou Thiero will have team options, but that's it.
Los Angeles has made it clear that they want to build around Doncic, with 2026 likely being the best chance to do so. If they wait until 2027 and drag bad rosters around Doncic, they may chase him out of town.
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