It’s a big day in the future of Luka Doncic.

August 2 means that contract restrictions on the Los Angeles Lakers’ superstar are no longer in place after his trade from the Mavericks.

Doncic can now sign a contract extension worth up to $222.4 million over four years that would begin in 2026-27.

There’s merit to a shorter-term deal, though, writes Hoops Rumors’ Luke Adams.

“While that four-year, $222.4MM extension is the most lucrative deal Doncic could lock in at this time, it may ultimately be in his best interests financially to sign a shorter-term deal,” Adams writes. “If he agrees to a three-year, $160.8MM contract that includes a third-year player option, he’d have the ability to start his next contract in 2028, when he’ll have 10 years of NBA experience and would qualify for a maximum salary worth 35% of the cap instead of his current 30%.”