Austin Reaves Eligible for $89.2M Extension with Lakers This Summer

Austin Reaves' journey with the Lakers has been remarkable. After going undrafted, he quickly proved his worth, earning a standard contract and eventually becoming a starter. Last summer, the Lakers retained him using the Gilbert Arenas Provision, signing him to a four-year, $53.8 million deal, the maximum allowed under those rules at the time.

Now, due to NBA contract rules, Reaves is eligible for an extension that offers a significant pay raise. This four-year, $89.2 million extension reflects his market value more accurately than his previous contract allowed. By replacing the last two years of the current deal and adding two more, the Lakers can lock Reaves in through the 2028-29 season.

This move is crucial for the Lakers as they navigate future roster building and salary cap constraints. Securing Reaves, known for his scoring, playmaking, and hustle, provides a reliable secondary option alongside their stars. His relatively team-friendly contract (even with the extension) compared to other players of similar production could be advantageous for Los Angeles' future flexibility.

When exactly can Austin Reaves sign this extension?

He becomes eligible to sign the extension starting July 6th of this upcoming summer.

Does this extension cancel his current contract?

It effectively replaces the final two years of his existing four-year deal (worth $13.5M and $14M) and adds two additional years at the new, higher maximum rate, extending his commitment to the Lakers for four years in total from the start of the extension.

Why is this extension possible only one year after his last contract?

NBA Collective Bargaining Agreement rules allow players under certain contract types (like the one Reaves signed using the Arenas Provision) to become extension-eligible earlier than typical veteran contracts.

Do you think securing Austin Reaves with this extension is the right move for the Lakers' future? Let us know your thoughts in the comments!

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