LOS ANGELES (AP) — Luka Doncic has agreed to a three-year, $165 million maximum contract extension with the Los Angeles Lakers, bypassing a chance at free agency next summer to build a long-term future with his new team.

The Luka Era officially begins on Saturday, when Doncic signs a three-year extension with the Lakers. Here's what you need to know about the deal.

But until the deal was actually done, no one knew for sure what Luka Doncic was going to do. He was eligible, as of Saturday, to sign a four-year contract extension worth $222.4 million. But that's not what he did. Instead, per ESPN's Shams Charania, Doncic signed a three-year, $165 million deal with the Lakers that has a player option in 2028.