The Los Angeles Lakers and Luka Dončić have finalized a three-year, $165 million contract extension, with the third year being a player option. As the Lakers aim to build a competitive team around Dončić, they must identify a secondary star to support him, particularly with LeBron James nearing retirement, while Dončić could be eligible for a $417 million contract in 2028 if the team fails to strengthen its roster.