In a major NBA offseason move, superstar guard Kyrie Irving has reached a verbal agreement with the Dallas Mavericks on a lucrative contract extension. According to renowned NBA reporter Marc Stein, the deal was finalized through phone negotiations between both parties.
The agreement involves Irving declining his $43 million player option before the deadline and instead signing a new 3-year contract worth $119 million with the Mavericks. This decision demonstrates Irving’s commitment to building a championship-contending team alongside Luka Dončić in Dallas.
This contract structure provides financial security for Irving while maintaining flexibility for the Mavericks’ roster construction. The 8-time All-Star will earn approximately $39.7 million annually under this new deal, slightly below the maximum possible extension but reflecting fair market value for the 31-year-old point guard.
The agreement comes after Irving’s mid-season trade from Brooklyn to Dallas last February, where he averaged 27.0 points, 5.0 rebounds, and 6.0 assists in 20 games with the Mavericks. While the team missed the playoffs, the front office clearly believes in Irving’s ability to help lead the franchise to success.
NBA analysts suggest this deal represents a compromise between both parties – giving Irving long-term security while allowing the Mavericks to maintain salary cap flexibility. The contract’s third year is reportedly a player option, providing Irving with future decision-making power.
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