Austin Reaves, guard for the LA Lakers, has recently drawn significant attention by reportedly seeking a $120 million contract extension, similar to the deal Tyler Herro signed with the Miami Heat. This development has ignited a heated debate around the Austin Reaves Lakers contract demand ahead of the 2026 free agency period.
Reaves, who entered the NBA undrafted at age 23, has steadily risen through the ranks thanks to his impressive performances for the Lakers, a team where many established stars have struggled to establish consistency. During the last season, Reaves exceeded the expectations of his $12.9 million contract, posting career-high averages of 20.2 points, 4.5 rebounds, and 5.8 assists per game. Whether sharing the court with Luka Doncic and LeBron James or Anthony Davis and LeBron James, Reaves proved to be one of the best third options in the league and a reliable contributor when star players were sidelined.
The Lakers clearly recognize Reaves’ value, making him effectively untouchable unless a major All-Star player trade opportunity arises. According to a recent NBC Sports report, Reaves is unlikely to pick up his $14.9 million player option, even if he remains with the Lakers. Instead, he reportedly wants compensation on par with Tyler Herro’s contract.
“Reaves will be a free agent. There is zero chance he is picking up his $14.9 million player option, even if he plans to stay with the Lakers. Reaves reportedly wants to be paid in the Tyler Herro range of $30 million a year (and Herro is a good comp in a lot of ways).”
—NBC Sports report
Herro’s agreement with Miami was a four-year, $120 million rookie extension signed in 2023, a figure many NBA fans feel may exceed Reaves’ current standing. Despite differing views, the conversation around Reaves’ asking price underscores his growing prominence on the Lakers roster.
Why Reaves Could Be the Lakers’ Long-Term Second Key Player
Paying Austin Reaves his asking price might be a prudent move for the Lakers moving forward. With LeBron James’ hefty $50 million-plus salary expected to come off the books next summer amid speculation of his retirement or possible move elsewhere, the Lakers will gain substantial cap space. This financial flexibility could enable them to craft a competitive offer for Reaves while preserving options for future free agency periods, including the notable 2027 class.
Reaves fits well as a secondary option to Luka Doncic, one of the NBA’s most ball-dominant players. His versatility allows him to be effective both on and off the ball, overcoming some defensive shortcomings with offensive productivity that clearly showed last season. The Lakers also have the potential to add stronger defensive pieces around him to balance the lineup.
Moreover, agreeing to a $30 million annual contract would make Reaves an appealing trade asset if the Lakers decide to pursue an additional All-Star on a maximum salary contract. This dual value as a key player and trade chip reinforces why the franchise is keen to accommodate his demands.
Fan Reactions and the Road Ahead for the Lakers
The notion that Reaves deserves a deal comparable to Herro’s has sparked divided opinions among fans. While some champion Reaves’ steady progress and importance to the Lakers, others question whether his performance justifies such a lucrative extension. This disagreement highlights the uncertainty surrounding the franchise’s next moves and the exact role Reaves will fill as they rebuild.
As free agency approaches, the Lakers face critical decisions about maintaining a balanced roster that complements their star talents without compromising future flexibility. Austin Reaves’ contract demand will surely be a central storyline, influencing how the team manages its salary cap and free-agent targets. The outcome could shape not only the immediate Lakers roster but also their competitive prospects for years to come.