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.

According to Marc Stein, the Dallas Mavericks are very hopeful that Kyrie Irving will be able to be cleared for this offseason’s training camp.

The 32-year-old is on the right path to getting cleared since having surgery in July. This surgery was to help repair his hand.

While Irving hasn’t been cleared for 5-on-5 action, Stein did shed positive light on this situation:

“At this point, he has not been cleared yet for full 5-on-5 hoop, but basically what I’ve been told is he remains on course to be cleared in time for training camp, so I don’t think there’s any concern there,” said Stein on the DLLS Mavs podcast. 

Players from the Mavericks hosted a mini-camp for themselves, and fifteen of them participated. Irving did show up but was limited throughout the camp.

Per Stein, the mini-camp went very well on and off the court.

“Everything I heard about the mini-camp was that the on-court stuff was great, but maybe the off-court stuff was even better.”

This is excellent news for Dallas and their fanbase heading into training camp and wanting to start strong for the upcoming regular season.