The Los Angeles Lakers are about to make history by signing a young star player to a massive contract extension.
According to ESPN’s Shams Charaniasources say Austin Reaves intends to sign a four-year deal to stay in Los Angeles. This contract, worth a maximum of $185 million, is the largest for an undrafted player in NBA history.
Signing Reaves takes care of important business for the Lakers. The team made that clear the fifth year player remained a priority.
“He started his journey here as a Laker and has made it very clear to us that he wants his journey to continue as a Laker,” president of basketball operations and GM Rob Pelinka said after the season ended.
“We want his odyssey to continue to unfold in the purple and gold. . . . I think both sides have made it abundantly clear that we want to work out something where he continues his productive career here.”
Now that this deal is reportedly done, that proves it Polymarket traders correct. They’ve made several moves focusing on Reaves’ next team.
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Los Angeles Lakers has remained a favorite among traders throughout this process, culminating in a 99% chance before ESPN broke the news of a new deal.
Of course, the Dallas Mavericks (86%), San Antonio Spurs (85%) and Miami Heat (85%) all drew attention, but none took the top spot at Polymarket.
Now that Reaves is ready to sign his historic deal, attention will shift back to another member of the team. Fans want to know if LeBron James will return to the Lakers or if he will make another big move.
The record-setting James just completed his 23rd season in the NBA and his eighth with Los Angeles. He could return for another season or he could retire. He could also join a new team.
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Polymarket Traders has highlighted all possibilities with countless bets on James. Right now, they give James a 66% chance of returning to the Lakers. They give him a 13% chance to go home to the Cavaliers and a 9% chance to join Steph Curry on the Warriors.
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