Luka Doncic agrees to Lakers extension worth 3 years, $165 million

Luka Dončić has signed a three-year, $165 million maximum contract extension with the Los Angeles Lakers, which includes a player option for 2028, according to the team.

While the Lakers have announced a contract extension with Luka Dončić, they have not disclosed the terms. ESPN’s Shams Charania reports the contract is worth three years, $165 million.

Dončić was traded from the Dallas Mavericks to the Lakers in February 2025, where he started 28 games to finish the regular season. During this period, he averaged 28.2 points, 8.1 rebounds, 7.5 assists, and 1.6 steals per game.

“I’m really grateful to the Lakers organization, my teammates and the fans for welcoming me and my family with so much support and kindness since day one,” Doncic said in a statement. “This is an amazing organization, and I truly believe in what we’re building together.”

After the news was released, Dončić announced on social media that he is dedicating $5 million to the Luka Dončić Foundation to support the development of 77 young athletes worldwide. This program aims to assist athletes aged 12 to 15 by alleviating financial barriers, allowing them to pursue their dreams of playing basketball.

More: Los Angeles Lakers star Luka Doncic shows off new physique in Men’s Health

This article originally appeared on USA TODAY: Lakers, Luka Doncic agree on massive extension worth 3 years, $165M