The Lakers already like what they see from their new point guard and want to lock him up long-term.
They have begun discussions with point guard Dennis Schröder on a contract extension, according to ESPN’s Adrian Wojnarowski. Schroder, who is making $16MM this season, will be an unrestricted free agent in the summer if he doesn’t sign an extension.
However, Schröder has a major incentive to wait until after mid-February to finalize an extension and that’s when discussions are expected to pick up again, Wojnarowski adds.
This isn’t the first time the Lakers have engaged Schröder’s representative, Alex Saratsis, regarding an extension. Schröder turned down an initial offer for an additional two years and $33.4MM, the maximum allowable offer the Lakers could make prior to February 16. That’s because Schröder was traded by the Thunder during the offseason, making him only eligible for a two-year extension with a five percent raise in salary.
He could be extended for four years and as much as $83MM after February 16, up to the time he’d become a free agent.
Schröder had 14 points, 12 assists and eight rebounds in the team’s opener against the Clippers.
Even if an extension agreement isn’t reached during the season, the Lakers hold Schröder’s Bird Rights and he can thus go over the salary cap to re-sign him during the 2021 offseason.