While Los Angeles Lakers star Luka Doncic parties with Michael Jordan in Greece, he's awaiting a big contract extension just before the season begins.

If he doesn't sign immediately, there may be some panic among Lakers fans. However, ESPN's Brian Windhorst reassures them that Doncic will sign after he fulfills another obligation.

“I would not expect it to happen that early. He's playing for the Slovenian national team. Do not freak out if you do not hear from Luka contractually until September.”

As of now, Doncic will play for his home country in the upcoming EuroBasket tournament from August 27 to September 14. Afterward, he will be back with the Lakers for his second season in Los Angeles.

This past year, Doncic was the subject of one of the most consequential trades in NBA history. In February, the Lakers traded Anthony Davis to the Mavericks for Luka Doncic. The league was all shook up considering that Doncic was supposed to be the franchise player in Dallas.

In his first year in LA, Doncic averaged 28.2 points, 8.2 rebounds, and 7.7 assists per game. In the process, the Lakers made it to the playoffs before losing to the Minnesota Timberwolves in five games in the first round.

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Meanwhile, there are rumblings that the Lakers are switching from LeBron James to Doncic. The focus being on Doncic to help carry the franchise into the future.

The latest in a series of changes happening with the Lakers. After all, they recently sold for $10 billion from the Buss family to Dodgers owner Mark Walter.

The circumstances surrounding Luka Doncic contract with the Lakers 

Doncic is eligible for a contract extension on August 2nd. According to ESPN, he is likely to receive a four-year deal worth $229 million. However, Doncic may ask for a shorter deal for three years and worth $165 million.

Plus, the likelihood of a player option being afforded to him. The possibility of a shorter deal is a way to recoup that money Doncic lost with the Mavericks.

Furthermore, he could have greater leverage over future contract negotiations.