Lakers’ Austin Reaves Reportedly Declines Extension Offer

As Woike details, $89MM over four years is the maximum the Lakers were allowed to offer Reaves, who is entering the third season of a four-year, $54MM contract. The 27-year-old is expected to turn down his $14.9MM player option for 2026/27 in order to become an unrestricted free agent next offseason.

While it would be easy to view Reaves’ decision as sign of disconnect between the two sides, that isn’t the case, according to Woike, who points out that the outcome was anticipated given the restrictions on what Los Angeles was permitted to offer. The Lakers have never seriously entertained the idea of trading Reaves and continue to place a high value on his contributions, Woike writes.

Reaves has vastly outplayed his current deal. In his fourth NBA season in 2024/25, the Arkansas native averaged career highs in points (20.2) assists (5.8), rebounds (4.5) and steals (1.1) per game in 73 appearances (34.9 MPG), with a shooting slash line of .460/.377/.877. He should easily command a new contract in 2026 that far surpasses the offer he recently declined.

Reaves will have Bird rights if he opts out in ’26, giving the Lakers the ability to offer him anything up to his maximum salary. However, he will be an unrestricted free agent if he takes that route, which could give the Lakers a little bit of pause, since it might open the door to a rival suitor swooping in with an enormous offer.

Still, as Woike observes, any team that is interested in trading for Reaves would be in the exact same position as the Lakers are now. And there have been no indications that either side is unhappy with the relationship — quite the opposite. Both Reaves and the Lakers are interested in working on a new deal next summer, Woike tweets.

“I want to be in L.A. I want to play my whole career in L.A. I love it there. I love the fans. Love the weather, love the golf,” Reaves told K8 News earlier this month. “And obviously the Lakers are the best organization in basketball.”

Los Angeles continues to be “aggressive” in its search for center help, but obviously nothing has materialized yet, Woike adds.