DALLAS, TX (KTRE) - Dirk Nowitzki has agreed to a new deal that will make him a Dallas Maverick until he's 40 years old. According to ESPN, the power forward has agreed to a two-year, $40 million contract.
With an annual salary of $20 million, the new deal helps compensate for the major discount Nowitzki has been playing under for the past two seasons. In 2014, the 38-year-old opted for a lesser contract in order to help bring better talent to Dallas. Two years ago, Nowitzki signed a three-year deal for $25 million to give owner Mark Cuban more flexibility in the free agency period.
It's expected that the new deal will include a player option in the final year for Nowitzki.
In the German native's 18 years in the league, he's a two-time League MVP, has been an All-Star selection 13 times, and won the NBA Finals in 2011. Nowitzki is the league's sixth all-time scorer with 29,491 points.
During this year's free agency period, the Mavericks have also signed Harrison Barnes and Andrew Bogut from Golden State.