Luka Doncic won’t be hitting free agency next summer.

Doncic signed a three-year, $165 million maximum extension, with a player option on the third year, his agent Bill Duffy told ESPN’s Shams Charania.

The deal eliminates Doncic’s 2026-27 player option while allowing him to opt out in 2028 and re-sign for a projected five years and $417 million. If that is what happens, Doncic would end up with the same overall amount of money as if he had signed the supermax with the Mavericks, who instead traded him .

Luka Doncic is staying in Los Angeles. NBAE via Getty Images

I just signed my extension with the Lakers. Excited to keep working to bring championships to LA and make Laker Nation proud. Grateful to the Lakers, my teammates and all the fans who’ve shown so much love since day one. T

See Full Page