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Windhorst: Austin Reaves Won’t Sign Extension, Will Opt Out as Lakers Weigh Next Steps

The ESPN reporter also signals Los Angeles as the likely long‑term home on a richer deal after 2026 free agency.

Overview

  • Reaves has a $14.8 million player option for 2026–27, and Brian Windhorst gives a 0.0% chance of an extension and a 99.9% chance he declines the option.
  • League estimates suggest free‑agency offers could reach $40–42.5 million per year, with Bobby Marks noting he could be eligible for up to 25% of the cap.
  • The Lakers are weighing retention versus trade avenues, with Jovan Buha naming Trey Murphy III as an intriguing two‑way wing target.
  • A Murphy swap would be costly after his four‑year, $113 million extension and New Orleans’ reported demand for multiple first‑round picks and young talent.
  • Reaves’ leverage is fueled by production, including 20.2 points and 5.8 assists last season and a 22.0 preseason scoring average with a 25‑point outing alongside Luka Dončić.