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Luka Doncic's Lakers Move Costs Him $116 Million

2/3/2025

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Summary

Story summary

Luka Doncic's move to the Los Angeles Lakers from the Dallas Mavericks carries hefty financial consequences. He forfeits a potential supermax contract of $345 million, settling for a maximum of $229 million. On top of that, California's steep state income tax will further chip away at his earnings, making this transition a costly one.

History

Historical Context

Luka Doncic's shift to the Lakers echoes the franchise's historic moves, like Kareem Abdul-Jabbar's trade in 1975. Both players faced financial shifts and high expectations. The Lakers, with 17 championships, have long thrived on star power, making Doncic's transition a pivotal moment in their legacy.

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Story summary

Luka Doncic's move to the Los Angeles Lakers from the Dallas Mavericks carries hefty financial consequences. He forfeits a potential supermax contract of $345 million, settling for a maximum of $229 million. On top of that, California's steep state income tax will further chip away at his earnings, making this transition a costly one.

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