The Los Angeles Lakers are signing Luka Dončić to a long-term extension, the team announced on Saturday. It's a three-year, $165 million contract extension, with a player option in 2028, according to multiple reports.

The 5-time All-Star and 5-time All-NBA First Team guard re-signs with L.A. to avoid free agency next offseason.

Luka Dončić has agreed to a three-year, $165 million maximum contract extension with the Los Angeles Lakers, bypassing a chance at free agency next summer to build a long-term future with his new team. The deal keeps Dončić with Los Angeles through 2028. The Slovenian superstar had a player option for the 2026-27 season under his previous contract.