With free agency mostly over, the Dallas Mavericks have chosen to increase Dirk Nowitzki’s original deal. He will now earn $50 million over a two-year deal.
Dirk Nowitzki and the Mavs have finalized his new contract, with Dallas upping the deal to $50 million over two years, league sources say.
— Marc Stein (@ESPNSteinLine) July 22, 2016
Original Story Follows:
Dirk Nowitzki is staying in Dallas. He has reached a two-year deal worth around $40 million, per ESPN’s Marc Stein:
The Dallas Mavericks and veteran big man Dirk Nowitzki have hammered out the framework of a new contract that sets Nowitzki up to earn $40 million over the next two seasons and play until age 40, according to league sources.
Sources told ESPN that some of the finer contract details are still being worked through, but the broad financial terms have been nailed down in a deal constructed to pay Nowitzki an annual salary in the $20 million range that is more commensurate with his Hall of Fame stature after playing on an ultra-steep discount for the past two seasons.
The second year of Nowitzki’s new deal is likely to be a player option, sources said, which would allow the NBA’s sixth all-time leading scorer to decide whether he wants to keep playing. Nowitzki, who turned 38 on June 19, has said numerous times since Dallas’ season ended with a first-round exit to Oklahoma City that his ideal scenario is playing two more seasons, but he’s also made it clear he wants to re-evaluate things at the end of the 2016-17 season.
After failing to sign primary targets Mike Conley and Hassan Whiteside, the Mavs signed Harrison Barnes, and acquired Andrew Bogut via a sign-and-trade with the Golden State Warriors.The Mavs also signed Seth Curry, and re-signed both Deron Williams and Dwight Powell.