Austin Reaves is set to return to the Los Angeles Lakers next season after agreeing to a historic four-year contract with the franchise.
As he prepares to sign the richest contract for an undrafted player in NBA history, we have the lowdown on all the details of the deal.
Austin Reaves’ Contract, Salary, and Net Worth After Historic Los Angeles Lakers Extension
Reaves was previously on a four-year, $53 million contract with the Lakers but declined his $14.9 million player option before coming to terms on a mammoth four-year, $185 million maximum contract with the franchise.
The 6-foot-5 guard will earn around $41.25 million in the first year of his new contract. His salary will rise to $44.5 million in the 2027/28 season, $47.8 million in the 2028/29 season, and $51.1 million in the 2029/30 season. The contract also includes a player option for the 2029/30 season.
According to Spotrac, his career earnings currently stand at $41.9 million. But the four-year max contract will take his earnings to $226.70 million. In addition, he holds endorsement deals with the apparel brand Rigorer, the activewear company TravisMathew, the drink brand Recover 180, and the streetwear brand YoungLA.
This contract is also set to boost his net worth. His net worth stood at around $4 million in October 2025, but that number is sure to receive a significant update.
Reaves has enjoyed a remarkable transformation over the last five years, establishing himself as a vital player for the Lakers since joining the team as an undrafted free agent in 2021.
Before joining the Lakers, Reaves declined to be selected in the second round of the 2021 NBA Draft by the Detroit Pistons. He joined the Lakers on an initial two-way contract in August 2021, before signing a standard contract with the franchise a month later.
Last season, the Oklahoma alum averaged a career-best 23.3 points, 4.7 rebounds, 5.5 assists, and 1.1 steals for the Lakers, helping them finish as the No. 4 seed in the Western Conference.
The max contract extension for Reaves comes after Luka Dončić specifically requested that the Lakers’ front office prioritize bringing him back for next season. The two will form the Lakers’ backcourt for the foreseeable future after a strong partnership over the last 12 months.
Several teams were expected to pursue a move for Reaves had he hit free agency, including the Pistons and the Brooklyn Nets. However, the Lakers moved swiftly to get a deal done and keep their homegrown talent at the franchise.
