The Los Angeles Lakers extended Luka Doncic on a three-year, $165 million extension, keeping him in purple and gold for the foreseeable future. Lakers GM Rob Pelinka reacted to the news with excitement, calling it a monumental move for one of the NBA's most storied franchises. He also gushed over Doncic's skillset, while stating how the extension puts Los Angeles on the path to winning another championship.

Pelinka released a statement about Doncic's new extension, per Spectrum SportsNet's Mike Trudell.

“Today is a monumental moment for our franchise. Luka Dončić’s future is with the Los Angeles Lakers. Luka is one of the game’s most transcendent players, and his on-court dominance and passion is without compare,” Pelinka said. “From the moment Luka became a Laker, there was an immediate connection and admiration between Luka and our fanbase. You can feel it in your spirit when you attend a Lakers game.

“Luka is an absolute killer on the court, and blends that with a unique generosity and care for the community. Above all else, Luka will lead our franchise to pursue future championships, a goal that will forever define the Lakers,” Pelinka concluded.

The move undoubtedly makes Doncic the new face of the franchise.

Luka Doncic, Lakers agree to $165 million extension

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Lakers guard Luka Doncic (77) moves the ball up court against the Minnesota Timberwolves during the first half in game five of first round for the 2025 NBA Playoffs at Crypto.com Arena
Gary A. Vasquez-Imagn Images

After GM Rob Pelinka's statement, Lakers guard Luka Doncic reacted to his $165 million extension on his X, formerly Twitter. Doncic is very much looking forward to leading a new era of Lakers basketball.

“I just signed my extension with the Lakers,” Doncic wrote, sharing a photo of himself signing the contract. “Excited to keep working to bring championships to LA and make Laker Nation proud. Grateful to the Lakers, my teammates, and all the fans who’ve shown so much love since day one. This is just the beginning.”

Doncic's new deal includes a player option in 2028.