Austin Reaves has secured his future with the Los Angeles Lakers, signing a new four-year contract after declining his $14.9 million player option for the upcoming season. The deal, announced on June 24, 2026, is worth $185 million and still includes a player option in the final year.
The agreement is reported to be the largest ever for an undrafted player, marking a major milestone in Reaves’ career. He had become one of the NBA’s most sought-after free agents, but he chose to stay in Los Angeles.
Reaves’ rise has been notable: he entered the league undrafted, later signed a two-way contract with the Lakers, and eventually earned a full roster spot. The new contract caps that progression with a salary level he could only have imagined a few years ago.