According to ESPN’s Shams Charania, the Dallas Mavericks and Kyrie Irving have come together to agree on a new extension to keep the veteran guard in Dallas for the foreseeable future.

To make this deal work, Irving needed to decline his $43 million player option for next season. This new contract does not include an option.

The 33-year-old signed a three-year, $119 million extension. Many assume this will be one of the last contracts Irving will sign before he retires.

Before suffering his ACL tear, Charania reported that Irving was expected to make around $50-$60 million per season. Unfortunately, the injury has forced Irving into accepting less per year. He’s estimated to make $39.6 million per season.

By opting out and lowering his salary for the following season, this will allow the Mavericks to use their $5.7 million taxpayer midlevel exception.

According to ESPN’s Shams Charania, the Dallas Mavericks will be without their second superstar due to him suffering a bulging disk in his back.

Dallas does have optimism that Kyrie Irving can have a precise return date after a couple of days of treatment.

Right now, Irving is set to miss 1-2 weeks due to this new injury.

Initially, the 32-year-old was listed with a lumbar sprain in his back; that was his listed injury as to why he is missing Monday’s game against the Memphis Grizzlies.

In 30 games this season, Irving averages 24.3 points, 4.6 rebounds, and 4.9 assists.

Kyrie Irving Signs His Father To Signature Sneaker Deal

According to multiple reports, Kyrie Irving has done something no professional athlete has ever done, and that is signing their father to a signature sneaker deal. Drederick Irving has the official endorsement by his son.

Drederick will be signed to ANTA Sports and will get his own signature shoe; ANTA is Irving’s brand, where Kyrie is chief creative officer.

This historic moment took the NBA World by storm, with the 32-year-old and the Dallas Mavericks heading into Game 1 of the NBA Finals this Thursday.