Austin Reaves' new Lakers contract is now official

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For many months, Austin Reaves was expected to opt out of his contract this summer and become a free agent. While it was generally assumed he would re-sign with the Los Angeles Lakers, there was a bit of anxiety that he could leave to join another team -- or end up signing a new contract with the Lakers for an unjustified dollar amount.

On June 24, Reaves agreed to a four-year, $185 million contract to stay put. While the dollar amount is a bit steep, it was still a bit less than the max offer he could've gotten. On Sunday, that new contract became official.


OFFICIAL: Laker Nation, HE'S BACK. pic.twitter.com/gQ6NP4hoPJ

— Los Angeles Lakers (@Lakers) July 12, 2026

General manager Rob Pelinka released a statement on Reaves' new deal and what the guard means to the organization.

“Austin’s relentless pursuit of improvement, fierce competitiveness and commitment to winning have made him an integral part of our organization,” said Pelinka. “From the moment he joined the Lakers, Austin has embodied the work ethic and selfless approach that define our culture. We’re thrilled to continue building with him as a cornerstone of our team as we pursue our championship goals.”

Reaves is a rare rags-to-riches story in the NBA. A native of Newark, Ark., a small town with a population of just over 1,000, he first went to Wichita State University and then transferred to the University of Oklahoma. He went undrafted in 2021 but quickly emerged as a diamond in the rough, and he has increased his scoring average every year following his rookie campaign.

This past season, Reaves averaged 23.3 points and 5.5 assists a game while shooting 49% from the field and 36% from 3-point range. He has become L.A.'s second scoring option, and with LeBron James gone, he could perhaps boost his scoring average yet again this coming season.

His four-year, $185 million contract is the largest an undrafted NBA player has ever signed.

This article originally appeared on LeBron Wire: Austin Reaves' new Lakers contract is now official

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