Los Angeles Lakers star Luka Doncic has agreed to a three-year, $165 million maximum contract extension, with a player option in 2028, agent Bill Duffy of WME Basketball told ESPN.

The critical new deal keeps Doncic out of free agency next summer, eliminating his 2026-27 player option in place of the new contract.

Doncic could opt out in 2028 and sign a new deal for 35% of the salary cap, which projects to five years and $417 million. In doing so, Doncic would recoup all the money lost when he was traded by the Dallas Mavericks, with whom he had been eligible to sign a five-year, $315 million supermax extension this summer