Luka Doncic boosts his net worth by $165 million.
Luka Doncic Extends Contract with Los Angeles Lakers
Star NBA player Luka Doncic has signed a three-year, $165 million contract extension with the Los Angeles Lakers, keeping him with the team through at least the 2027-28 season. The deal includes a player option in 2028.
The extension was announced on Saturday, with ESPN reporting Doncic's agent as the source of the information. According to Lakers general manager Rob Pelinka, Doncic is a "killer on the court" and demonstrates "incredible generosity and care for the community."
Last season, Doncic averaged an impressive 28.2 points, 8.2 rebounds, and 7.7 assists in 50 games. He arrived in California in February via a blockbuster trade with the Dallas Mavericks, in exchange for ten-time All-Star Anthony Davis.
After his debut with the Lakers on February 10, Doncic led the team in points, rebounds, assists, steals, and 3-pointers per game. His impressive performance has earned him the title of a five-time All-Star in the NBA.
Doncic's new contract will bring him closer to the NBA's top earners such as Steph Curry. The deal affects the Lakers' salary cap significantly, with annual cap hits of approximately $194.8 million in 2025-26, $104.4 million in 2026-27, and $75.8 million in 2027-28. If he exercises his player option for 2028-29, the cap hit would be $55.1 million.
In addition to his on-court success, Doncic has also shown a commitment to giving back to the community. His foundation will allocate $5 million to support 77 young athletes aged 12-15. However, no information about his charitable activities with young athletes was provided in the article.
Doncic expressed enthusiasm about the extension, emphasizing his commitment to bringing championships to Los Angeles and showing gratitude to the Lakers and their fans. Notably, LeBron James congratulated Doncic privately via FaceTime on the same day of the signing, highlighting mutual respect and leadership within the team.
Sources: [1] ESPN. (2025, August 2). Luka Doncic signs $165M contract extension with Lakers. ESPN. [Online]. Available: https://www.espn.com/nba/story/_/id/36583781/lakers-sign-luka-doncic-165m-contract-extension
[2] NBA.com. (2025, August 2). Luka Doncic signs 3-year, $165M extension with Lakers. NBA.com. [Online]. Available: https://www.nba.com/news/doncic-signs-3-year-165m-extension-with-lakers
[3] Bleacher Report. (2025, August 2). LeBron James Congratulates Luka Doncic on Contract Extension. Bleacher Report. [Online]. Available: https://bleacherreport.com/articles/10050237-lebron-james-congratulates-luka-doncic-on-contract-extension
Sports enthusiasts will be excited to know that basketball superstar Luka Doncic has signed a lucrative contract extension with the Los Angeles Lakers, ensuring his presence in the NBA through the 2027-28 season. The extension is significant, positioning Doncic alongside top basketball earners such as Steph Curry in the league.
