Great News: Austin Reaves agree to a four year contract

Austin Reaves has agreed to a four-year contract worth $53,827,872 with the Los Angeles Lakers. This contract guarantees the entire amount, meaning Reaves is set to earn the full $53,827,872 regardless of any circumstances that may arise during the course of his tenure with the team.

The deal averages an annual salary of approximately $13.46 million, which is a substantial financial commitment from the Lakers to Reaves, reflecting his rising value within the team.

For the 2024-2025 season, Reaves will earn a base salary of $12,976,362. This figure represents the amount he will receive for playing during that season, and it is the key component of his financial compensation.

In addition to his salary, Reaves’ contract will have a cap hit of the same value, $12,976,362, which is the amount the Los Angeles Lakers will count against their salary cap for that season.

This cap hit is an important figure because it impacts the team’s overall salary cap situation, limiting the amount of money they can spend on other players. It also plays a role in how much financial flexibility the team has when building their roster.

Furthermore, the contract includes a dead cap value of $12,976,362, which essentially means that if the Lakers were to waive Reaves or he were to leave the team for any reason, they would still be on the hook for this amount for the duration of the 2024-2025 season.

The inclusion of the dead cap value ensures that Reaves is financially secured regardless of the Lakers’ decision to part ways with him. This contract underscores Reaves’ importance to the Lakers, solidifying his place as a valuable contributor to the team’s future success. His performance on the court will likely continue to be a focal point for the team as they work toward championship aspirations.