Los Angeles Lakers guard Austin Reaves rejects $89.2M extension to bet on bigger payday

Austin Reaves might’ve walked away from nearly $90 million, but it’s not because he’s eyeing a Lakers exit. The 27-year-old guard, fresh off a career-best season, declined a four-year, $89.2 million max extension from the Los Angeles Lakers this offseason.

Instead of locking into a long-term deal now, Reaves is playing the long game—one that could land him an even bigger payday in the near future. But make no mistake: his heart, as he insists, is still in L.A.

Austin Reaves turns down $89.2M to stay committed to his Los Angeles Lakers future

Austin Reaves, who has one guaranteed year left on his current contract and a player option for 2026–27, is strategically keeping his options open. By declining the extension, he positions himself to enter unrestricted free agency in a couple of years and possibly secure a more lucrative deal—especially if his on-court trajectory continues upward.

While the move sparked speculation about a possible departure, Reaves made it clear earlier this month that he’s not looking to jump ship. Speaking at the Reaves Brothers Basketball Camp, he addressed the buzz head-on.“I want to be in L.A.,” Reaves said. “If they want to trade me, then we’ll start something new somewhere else. But like I said, I want to be in L.A. I want to play my whole career in L.A.”He continued, “I love it there.

I love the fans. Love the weather, love the golf. And obviously, the Lakers is the best organization in basketball. I don’t pay attention to [the noise]. I keep my head down, work, and I feel like that’s one of the reasons I’m where I’m at.”Reaves’ breakout year in 2024–25 supports that confidence. He averaged 20.2 points, 5.8 assists, and 4.5 rebounds per game, hitting 46% from the field and 38% from three-point range. His steady rise culminated in becoming one of just 10 players in Lakers history to average at least 20 points and five assists in a season.Also Read: LeBron James confirms return for 23rd season shaking up Los Angeles Lakers rebuild and NBA futureReaves' decision to wait isn’t about uncertainty—it’s about value. The former undrafted guard out of Oklahoma already made waves by signing a four-year, \$54 million deal in 2023. Now, after proving he belongs among L.A.’s elite, he’s simply letting his game dictate his future price tag. As long as the Lakers want him, it’s clear: Reaves wants to stay right where he is.