Austin Reaves has quickly evolved from an undrafted prospect to a key contributor for the Los Angeles Lakers. His rise in value now puts the spotlight on his contract situation, with reports indicating that Reaves is likely to decline his $14.9 million player option for the 2026-27 season and test unrestricted free agency.
Since signing a four-year, $54 million contract with the Lakers in 2023, Reaves has consistently improved, proving himself as a reliable third option behind LeBron James and Luka Doncic. His ability to impact the game as a star, has significantly increased his market value, with projections suggesting he could command a starting salary in the $30 million range in free agency.
The Lakers are reportedly open to exploring trade possibilities for Reaves but only if they receive a high-level center in return. While they can offer him an extension worth $19.5 million annually, that figure falls short of what Reaves is expected to demand on the open market. This puts the Lakers in a tough position—do they attempt to retain Reaves at a discount, or do they move him for a more immediate roster upgrade?
Austin Reaves is expected to test free agency next year and could demand 30M annually, per @EricPincus
“Reaves is nearly sure to decline his $14.9 million player option for the 2026-27 season to explore unrestricted free agency next summer, seeking a salary in the $30 million… pic.twitter.com/dHxxyz1gGl
— LakersMuse (@LALMuse) May 28, 2025
With free agency looming in 2026, Reaves faces a pivotal decision. If he continues his upward trajectory, he could secure a long-term deal worth over $120 million, whether with the Lakers or another franchise. His future remains uncertain, but one thing is clear—Reaves is ready to capitalize on his rising value.
