The Real Reason Austin Reaves Said No to $89M: Inside His Bold Free Agency Plan

Los Angeles Lakers guard Austin Reaves has stunned fans and analysts alike by rejecting a lucrative four-year, £64.9 million ($89.2 million) contract extension. The move comes after a standout season, raising eyebrows across the NBA. But this wasn't a rejection out of frustration or a desire to leave. Rather, it signals a calculated strategy with free agency and long-term value in mind.

What was in the offer: Austin Reaves max contract breakdown

The Lakers' proposed extension was a four-year, $89.2 million max offer, the highest they could offer under current rules. As reported by Hoops Rumors, league sources revealed that Reaves declined this deal knowing he could pursue a stronger free-agency position next summer, leveraging projected increases in the salary cap and his continued development.

Why Austin Reaves declined the extension

According to The Athletic, Reaves declined the extension not out of dissatisfaction with the Lakers, but as part of a long-term financial strategy. League sources made clear it was a calculated decision, with Reaves expected to command a far larger deal on the open market in 2026.

With the NBA salary cap projected to rise, he could be eligible for a contract worth upwards of £87 million ($120 million) over five years, far exceeding the Lakers' current offer. Yahoo Sports reported that Reaves and his camp believe waiting gives him a better shot at a more favourable deal as an unrestricted free agent, rather than being limited by extension rules.

Reaves has maintained his loyalty to the franchise. 'I love being a Laker', he said in a recent interview, adding that he remains focused on improving and helping the team win. The move is widely seen as strategic rather than emotional, a bold step to maximise long-term value.

Risk vs reward: Will the gamble pay off?

By turning down the extension, Reaves is taking on clear risks. Injuries, a slump in form or a change in the Lakers' roster priorities could affect his future negotiations. Yet the rewards could be significant. If he maintains or improves his current performance, Reaves could enter free agency as one of the most valuable guards available.

This trend mirrors other NBA free agency strategies, where players bet on their future rather than locking in early. Fred VanVleet and Jalen Brunson made similar decisions in past seasons, both landing more lucrative deals as a result.

How the Lakers and fans reacted

The Lakers front office has shown understanding, publicly supporting Reaves' decision while reiterating his value to the team. There are no immediate plans to trade him, and he is expected to return as a key piece of the Lakers' rotation.

However, fan opinion is split. A recent poll by Silver Screen and Roll found that 61 percent of Lakers fans would support trading Reaves if it helped land another star. Some see the move as clever business, while others fear it could disrupt team chemistry or backfire if his performance dips.

Austin Reaves is playing the long game

Reaves' decision to turn down a near-£65 million ($90 million) extension is a bold, calculated bet on himself. Rather than chasing immediate security, he is positioning for greater value and long-term control. In doing so, he may be reshaping how rising stars approach contract negotiations with confidence, foresight and a clear eye on the future.

As the 2025 season approaches, all eyes will be on how Reaves' gamble plays out. One thing is certain: he is not just playing for the Lakers; he is playing the long game.