LOS ANGELES (AFP) — Luka Doncic has signed a new long-term contract extension with the Los Angeles Lakers, the club announced on Saturday, in a deal reportedly worth $165 million over three years.

The Slovenian star, who joined the Lakers in a jaw-dropping trade earlier this year, will remain with the Lakers for the next three years through to 2028.

“Today is a monumental moment for our franchise. Luka Doncic’s future is with the Los Angeles Lakers,” Lakers president of basketball operations Rob Pelinka said in a statement.

“Luka is one of the game’s most transcendent players, and his on-court dominance and passion is without compare,” Pelinka added.

Doncic, 26, expressed delight at the deal, saying he hoped to lead the Lakers back to the summit of the National Basketball Association.

“I’m really grateful to the Lakers organization, my teammates and the fans for welcoming me and my family with so much support and kindness since day one,” Doncic said.

“This is an amazing organization, and I truly believe in what we’re building together. I’m going to keep working as hard as I can to bring another championship to Los Angeles and to make Laker Nation proud. This is just the beginning.”

Doncic joined the Lakers in February from the Dallas Mavericks in a trade deal that sent shockwaves around the league.