Before signing the extension, Doncic had a player option for the 2026-27 season and could have hit free agency next summer.

Luka Doncic will be with the LA Lakers for quite some time after agreeing to a three-year, $165 million contract extension. Here is what to know.

The Lakers had a late-season surge upon Dončić's arrival and ended up earning the No. 3 seed in the playoffs, but they failed to meet the lofty expectations set for them heading into the postseason. Los Angeles fell to the Minnesota Timberwolves in five games in the first round.