Luka Doncic's Historic 5-Year, $215 Million Contract Extension
Breakdown of a Superstar's Payday
Luka Doncic, the Dallas Mavericks' Slovenian sensation, has signed a record-breaking 5-year, $215 million contract extension that will keep him in Dallas until 2027.
Salary Details
The contract, which is the largest rookie supermax deal in NBA history, will see Doncic earn the following salaries each season:
- 2022-23: $33.9 million
- 2023-24: $37.9 million
- 2024-25: $41.9 million
- 2025-26: $45.8 million
- 2026-27: $49.8 million
Cap Hit and Transactions
Doncic's contract will have a significant impact on the Mavericks' salary cap situation:
- The contract will count as approximately $32.4 million against the salary cap in 2022-23.
- Doncic's cap hit will increase gradually over the life of the contract.
- The Mavericks will have the option to trade Doncic after the 2024-25 season.
All-NBA First Team Honor
In addition to his new contract, Doncic was named to the 2023-24 All-NBA first team on Wednesday, a testament to his exceptional talent and impact on the game.
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