Austin Reaves has leveled up this season, proving he’s more than just a role player—he’s a legit third star for the Los Angeles Lakers. But while fans love him and the front office sees his value, it looks like Reaves isn’t ready to lock in just yet.

According to Jovan Buha of The Athletic, Reaves is expected to decline a four-year, $90 million extension from the Lakers this offseason. Not because he wants out, but because he knows he’s worth more.

Austin Reaves Betting on Himself for a Bigger Payday

Reaves, who’s currently out with a calf injury, is having the best season of his career, averaging:

• 19.1 PPG on 45/36/87 shooting
• 6.0 assists per game
• 1.1 steals per game
• 4.2 rebounds per game

He’s already outplayed the four-year, $54 million deal he signed in 2023. Now? He’s looking to cash in.

Per Buha’s ‘Block Podcast,’ the Lakers are expected to offer Reaves a four-year, $88-90 million extension when he becomes eligible on July 6, 2025. But the problem? That’s below market value for a guy with his production and playoff experience.

But here’s the twist: Reaves doesn’t necessarily want to leave. He’s expected to decline the extension, test free agency in 2026, and see what kind of offer the Lakers put on the table.

Will the Lakers Make the Same Mistake Again with Austin Reaves?

Lakers fans have seen this movie before, and it didn’t end well.

Remember Alex Caruso? L.A. lowballed him, and he ended up walking for nothing. The Lakers can’t afford to do the same thing with Reaves.

Reaves has earned the trust of LeBron James and Luka Dončić, two of the biggest stars in the league. He’s been clutch in the playoffs. He’s got the backing of Jeanie Buss and the front office. And most importantly? He’s a homegrown talent.

ESPN’s Dave McMenamin put it best: “I can’t imagine a better role player because [Reaves] has the trust of those two guys. He’s been a proven playoff performer. He has the trust and support of the Buss family.”

Reaves hasn’t slowed down, even with Luca’s outshining performances. He has played seven games with Dončić. But he’s still averaging 16.7 points, 4.9 assists, and 4.1 rebounds. This shows he can thrive alongside another superstar.

Reaves is betting on himself, and it may be the right move. He’s proven to be worth more than the allotted $22M per year, and if the Lakers want to keep him, they will need to step up with a real offer when the time comes. Otherwise? Some other team will.