Lakers, Luka Doncic reach agreement on three-year max contract extension

Luka Doncic will not test the free agency market. Instead, the five-time NBA All-Star has agreed to a contract extension that will tie him to the Los Angeles Lakers through 2028.

Doncic and the Lakers finalized a three-year maximum contract extension. ESPN reported, citing an agent, that the deal was worth $165 million. The Lakers don’t publicly announce the details of contracts.

The Slovenian superstar’s previous contact included a player option for the 2026-27 campaign.

Doncic reacted to the new contract on social media.

NBA FREE AGENCY SIGNINGS TRACKER: LUKA DONČIĆ, LAKERS AGREE TO $165M EXTENSION

“I just signed my extension with the Lakers. Excited to keep working to bring championships to LA and make Laker Nation proud,” the 2024 NBA scoring champion wrote on X. “Grateful to the Lakers, my teammates and all the fans who’ve shown so much love since day one. This is just the beginning.”

The Lakers acquired Doncic from the Dallas Mavericks last February in a shocking blockbuster trade for Anthony Davis. 

The five-time All-NBA selection averaged 28.2 points, 8.2 assists and 7.7 rebounds per game last season while teaming up with LeBron James for 50 victories and the third seed in the Western Conference playoffs.

The Lakers were eliminated from postseason contention after dropping four games to the Minnesota Timberwolves in the first round. 

Despite the early playoff exit, Doncic is set to return to Los Angeles this fall alongside James, who will begin his unprecedented 23rd NBA season.

But the Doncic-James duo could also benefit from a revamped Lakers roster for the 2025-26 season. Doncic played a significant role in Los Angeles’ successful bids to sign Deandre Ayton and Marcus Smart, persuading the two veterans to team up for the upcoming season.

The Associated Press contributed to this report.

Follow Fox News Digital’s sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.