Lakers Poised to Secure Austin Reaves wiht $30M+ Annual Deal, Signaling Long-Term Commitment to Core
Los Angeles, CA – In a move signaling a notable investment in their future, the Los Angeles Lakers are expected to re-sign guard Austin reaves to a contract exceeding $30 million per year, according to ESPN reports surfacing today. The deal solidifies Reaves’ role alongside Lakers superstar LeBron James and burgeoning talent Anthony Davis, and comes after a calculated gamble by the young guard that has dramatically increased his earning potential.
The news breaks as the Lakers organization continues to build around its core players following a Western Conference Finals appearance in the 2023 playoffs. Reaves, who quickly became a fan favorite in Los Angeles, has proven to be a crucial component of the team’s success, notably in high-pressure situations.
But the story behind this potential contract is more than just a player getting paid; it’s a testament to strategic contract negotiation and self-belief. Just months ago, Reaves was eligible for a four-year, $80 million extension. However,he opted to decline the offer,betting on his continued progress and a perhaps more lucrative deal down the line. That gamble appears to have paid off handsomely.
Now, Reaves is in line for a max contract, projected to land around $30 million annually – a substantial increase from his previous offer. This decision highlights a growing trend in the NBA where players are increasingly willing to forgo immediate security to maximize their long-term earning potential, a strategy advised by agents like Rich Paul of Klutch Sports, who represents James and Davis.
“You’re worth what anybody is willing to pay you,” commented sports analyst Caroline Fenton during a Yahoo Sports broadcast discussing the potential deal. “And I think the Lakers problably consulted one person and one person only when it came to extending Austin Reaves…LeBron James. If LeBron says, ‘Pay that man,’ then you know what I’m doing? I am paying that man.”
The Lakers’ willingness to meet Reaves’ price tag also reflects the current state of the NBA’s Collective Bargaining Agreement (CBA), which has seen player salaries skyrocket in recent years. The CBA, negotiated between the NBA and the National Basketball Players Association (NBPA), dictates salary cap rules and player compensation. The current agreement,ratified in 2023,allows for significant increases in player salaries,particularly for players with proven performance and market value.
Reaves’ performance in the 2022-2023 season undoubtedly contributed to his increased value. He achieved career highs in minutes played, points scored (13.0 per game), rebounds (3.0 per game),and assists (3.4 per game).His ability to contribute across multiple statistical categories, coupled with his clutch performances in the playoffs, made him an indispensable asset for the Lakers.
Beyond the numbers, Reaves’ story is compelling. Undrafted out of Oklahoma in 2021, he worked his way onto the Lakers roster through the NBA G League, demonstrating a relentless work ethic and unwavering determination. His journey from an undrafted free agent to a potential $30 million-per-year player is a testament to his dedication and skill.The Lakers are expected to officially announce the extension in the coming days, pending final negotiations. This move not only secures a key player for the future but also sends a clear message to the league: the Lakers are committed to building a championship contender around lebron James, Anthony Davis, and now, Austin Reaves.