Yahoo Autos Report: Lakers, Austin Reaves have mutual interest in new contract
Austin Reaves is the latest in the impressive Lakers finds of role players. Undrafted out of Oklahoma, Reaves got a two-way contract from the Lakers, which was eventually turned into a regular minimum deal — he is making $1.6 million this season.
He had far outplayed that deal, averaging 12 points a game, becoming a key part of the Lakers’ rotation, and he dropped a career-high 35 on Sunday night. Reaves is up for a massive pay raise this summer, the Lakers want to give it to him and there is mutual interest, reports Jovan Buha at The Athletic.
He will be a restricted free agent this summer, and will undoubtedly have multiple suitors looking to pry him from the Lakers — especially after stat lines like Sunday’s. Both the Lakers and Reaves’ camp have interest in Reaves re-signing in Los Angeles, according to multiple league sources who were granted anonymity so that they coud speak freely. The max the Lakers can offer Reaves is a four-year, $50.8 million contract if they chose to use his Early Bird Rights, but they also have the power to match any contract he signs with another team.
While the Lakers can match any offer, it’s a little more complex than that because Reaves is an Arenas Rule free agent (named after The Hibachi himself). I’ll let our friend Keith Smith of Sportrac explain it.
When a player is an Arenas free agent, opposing teams can still offer whatever salary they are able to give, but the incumbent team is given an avenue to match the offer. What happens in these offers is that the first-year salary for an Arenas free agent is limited to either the Non-Taxpayer Mid-Level Exception (NTMLE) or what a team can match using their Early Bird exception…. That results in what is often referred to as a “poison pill” structure for a contract.
