Austin Reaves has grown into one of the most important figures for the Los Angeles Lakers. Once seen as a role player, he now stands as a central partner alongside Luka Doncic and LeBron James. With his current contract nearing its conclusion, the 26-year-old guard is poised to hit the open market and test his value at the highest level.
A Player Option That Likely Won’t Be Used
Reaves’ deal carries a player option worth $14.9 million for next summer. Few around the league believe he intends to exercise it. His target is something far more ambitious, a deal in line with Tyler Herro’s contract, which reset expectations for young guards who can both score and create.
Anthony Irwin of ClutchPoints has reported that Reaves’ next agreement could land in the range of $30 to $35 million per season. Among the teams expected to explore his availability are the San Antonio Spurs, who are rumored to be tracking his situation closely.
Irwin wrote:
“In all likelihood, Reaves will turn down his player option after this season and could command a contract in the ballpark of $30 to $35 million per year… If and when Reaves opts out, he will be an unrestricted free agent with plenty of interest. League sources say the San Antonio Spurs and other teams are keeping a close eye on his free agency.”
The Lakers’ Failed Extension Attempt
The Lakers already tried to lock Reaves down with an extension this past summer. He turned it down, confident that his play has elevated him into a new financial tier. ESPN’s Tim Bontemps has echoed that sentiment, noting that at least one league executive sees Reaves’ market climbing beyond the $30 million line with ease.
His numbers from last season support that belief. Reaves posted averages of 20.2 points, 4.5 rebounds, and 5.8 assists, showcasing the versatility and composure that have made him invaluable.
A Dilemma for Los Angeles
The Lakers now face a crossroads. Reaves’ rise leaves the franchise with little margin for error. They must weigh the cost of keeping him against the risk of losing him without compensation. Irwin added that the team could even explore a trade mid-season if management feels his presence alongside Doncic creates limitations that hurt their title hopes.
Should he decline his option, Reaves will instantly be one of the most coveted free agents available. His steady progression since joining the Lakers ensures that his next contract will reshape not only his own career but also the long-term strategy of the organization that developed him.
