Luka Doncic Signs 215 Million Dollar Contract Extension

Details of the Deal

Luka Doncic, the Slovenian superstar, has reportedly signed a five-year, $215,159,700 contract extension with the Dallas Mavericks. This means that Doncic will remain with the team until the 2027-28 season. The contract includes $215,159,700 in guaranteed money and an annual average salary of $43,031,940.

Breakdown of the Contract

In the first year of the contract, Doncic will earn $35 million, which is 35% of the 2022-23 salary cap. Each year after that, Doncic will receive an 8% raise, resulting in a final year salary of $59.7 million in 2026-27. This contract extension is a significant investment by the Mavericks in their young star, who has quickly become one of the most popular and exciting players in the NBA.