The Mavericks renewed their investment in superstar Luka Doncic on Monday with a five-year, $ 207 million extension.
ESPN’s Bobby Marks reports the extension is worth $ 207.1 million, based on 30 percent of the projected salary cap of $ 119 million for the 2022-23 season (and using the guidelines for the NBA-designated rookie supermax extension). He also reported the following as the year-over-year salary breakdown:
- 2022-23: $ 35.7 million
- 2023-24: $ 38.6 million
- 2024-25: $ 41.4 million
- 2025-26: $ 44.3 million
- 2026-27: $ 47.1 million
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ESPN reports that Mavericks leaders landed in Slovenia on Monday, where Doncic is staying after the 2021 Tokyo Olympics, to formally present the contract to him; Doncic confirmed his extension in a statement issued to ESPN, also announcing future plans for its foundation:
“Today is a dream come true,” Doncic said. “Basketball has given me so much and taken me to so many incredible places. I am honored and excited to remain in Dallas as part of the Mavericks and I appreciate the support of my fans.
“Along with this new contract, I am also pleased to announce that I am increasing my efforts and focusing on expanding the Luka Dončić Foundation. My foundation is an international non-profit organization that will give back to places that mean as much to me as my home country. Slovenia, as well as the communities of North Texas.
“(I am) happy to share in partnership with 2K Foundations that we will soon open two basketball courts here in Slovenia. We are renovating the courts of my childhood where I learned and practiced the game. The opportunity for children to play on the same courts and pursue the same dreams I had is something that excites me. “
Doncic will reportedly hold a press conference on his extension on Tuesday.
Dallas’ offer ensures that the 22-year-old, one of the most successful players in the league for his age, will remain the centerpiece for a long time in Dallas. According to Elias Sports Bureau, Doncic is only the second player since the NBA-ABA merger to be named the All-NBA first team multiple times before his 23rd birthday (he accomplished the feat in his second and third seasons in the league after being named the NBA Rookie of the Year in 2018-19). The other is Kevin Durant, who accomplished the feat in his third and fourth NBA seasons.
Why is Luka Doncic eligible for the rookie supermax extension?
Doncic is the first player since the NBA’s “Derrick Rose Rule” was implemented in 2011 to qualify for a rookie supermax extension; The rule, which was implemented after Rose won the NBA MVP in year three, allows young players to earn a higher percentage of a team’s salary cap: 30 percent, instead of 25.
Via Spotrac, Doncic has earned that percentage because 1) he is entering the fourth year of his original rookie contract and 2) he was named an All-NBA first team in each of the previous two seasons.
The Mavericks’ investment is well worth it, considering what he has accomplished in each of his three seasons: Doncic, who has never averaged less than 21.1 points per game per season, averages 25.7 points, 8.4 rebounds and 7.7 assists per game in his career. That includes a field goal percentage of 45.7 and a percentage of 33.1 from beyond the arc.
Those numbers are even better in the postseason: In two series (one in each 2019-20 and 2020-21 season), Doncic is averaging 33.5 points, 8.8 rebounds and 9.5 assists per game. He has shot 49.4 percent from the field and 39.2 percent from 3 during those two series, both first-round outings to the Clippers.