Luka Doncic isn’t going anywhere anytime soon. According to ESPN’s Adrian Wojnarowski, the Dallas Mavericks All-Star point guard has agreed to sign a five-year designated player extension worth over $200 million.
Doncic earned First Team All-NBA honors for the second consecutive season in 2020-21, qualifying for a starting salary of 30% of the projected $115.7 million salary cap in the 2022-23 season. The third overall pick in the 2018 NBA draft and rookie of the year award winner, Doncic, is owed $10.2 million next season, the final year of his rookie contract.
Doncic said in a statement that he was eager to use the money to expand his foundation, and he is focused on building and refurbishing basketball courts in his native Slovenia.
“Today is a dream come true,” Doncic said in a statement. “The game of basketball has given me so much and has taken me to so many amazing places. I am humbled and excited to remain in Dallas as part of the Mavericks and appreciate the support of my fans.
“Along with this new contract, I am also happy to announce that I am increasing my efforts and focusing on expanding The Luka Dončić Foundation. My foundation is an international non-profit that will give back to places that mean so much to me like my home country of Slovenia, as well as the communities in North Texas.”
Doncic will officially sign the contract Tuesday and will also hold a news conference in Slovenia. Now the Mavericks can focus on building a championship-level team around their 22-year-old basketball phenom.