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.
A source close to the situation confirms to USA TODAY Sports that the deal is worth three years, $165 million. The source remained anonymous because they were not permitted to speak publicly on the matter.
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.
Luka Doncic contract: Details
Luka Dončić has signed a three-year contract extension worth $165 million with the Los Angeles Lakers, which includes a player option for the 2028-2029 season. Before being traded to the Lakers in February 2025, Dončić was set to receive a five-year, $345 million supermax contract extension this summer with the Mavericks; however, that deal was voided following the trade.
Luka Doncic trade
In February 2025, the Los Angeles Lakers, Utah Jazz, and Dallas Mavericks completed a three-team trade. The deal sent Luka Dončić to the Lakers and Anthony Davis to the Mavericks. Along with Dončić, the Lakers also received Maxi Kleber and Markieff Morris from the Mavericks. In exchange, the Mavericks acquired Davis, Max Christie, and the Lakers’ first-round pick in 2029.
The Jazz received Jalen Hood-Schifino, as well as the LA Clippers’ 2025 second-round pick and the Mavericks’ 2025 second-round pick.
The Mavericks appeared ready to move on from Dončić at the time of the trade, primarily due to ongoing concerns about his condition, along with frustrations regarding his diet and injury issues.