NBA FREE AGENCY EXIT: Austin Reaves Rejects Massive $89.2 Million Contract Extension With Los Angeles Lakers. Eye Free Agency, As He Reveals Hopes Of Playing For.

NBA FREE AGENCY EXIT: Austin Reaves Rejects Massive $89.2 Million Extension From Lakers, Opts to Test Free Agency Market

In a stunning development that could significantly alter the Los Angeles Lakers’ offseason plans, rising star guard Austin Reaves has officially rejected a lucrative contract extension offer worth $89.2 million, opting instead to test the waters of NBA free agency. The 26-year-old guard, who has rapidly evolved into a key piece of the Lakers’ rotation and a fan favorite, is now poised to become one of the most coveted free agents on the market this summer.

Reaves’ decision to decline the four-year deal caught many by surprise, especially considering his consistent growth with the Lakers over the past two seasons. After going undrafted in 2021, Reaves steadily carved out a significant role with Los Angeles, earning praise for his basketball IQ, hustle, shooting ability, and poise under pressure. His standout performances in the 2023 and 2024 postseasons only raised his profile, with many viewing him as a foundational piece alongside LeBron James and the recently acquired Luka Dončić.

League sources indicate that Reaves is seeking both a larger role and potentially a more lucrative deal than what the Lakers offered. While $89.2 million is a substantial offer, teams with cap space and a need for a playmaking combo guard are expected to aggressively pursue him in free agency. Franchises like the Orlando Magic, San Antonio Spurs, and Detroit Pistons have already been rumored to be monitoring Reaves’ situation closely.

For the Lakers, the rejection presents a significant challenge. General Manager Rob Pelinka and the front office now face the very real possibility of losing Reaves without compensation. With LeBron James in the twilight of his career and title contention windows narrowing, the Lakers had hoped to keep their core intact. Reaves’ departure would leave a noticeable void in the backcourt and could disrupt the team’s plans to build a cohesive “Big 3.”

Despite the uncertainty, Reaves has kept his public statements diplomatic. “I’ve loved my time in L.A., but I have to explore what’s best for my future,” he said in a brief statement to reporters.

As free agency nears, all eyes will be on where Austin Reaves ultimately lands—and whether the Lakers can recover from the unexpected shakeup to their roster.