Mavericks Officially Sign Cooper Flagg to $62 Million Rookie Contract

Flagg offered a funny reaction upon putting pen to paper, with one staffer saying, "first of 50 NBA contracts..."

"That's the plan, anyway" Flagg said. He couldn't contain his excitement after making it official, clapping his hands a few times and engaging in some daps around the room.

The occasion is a monumental one in Mavericks' history as Flagg represents just the second player in franchise history to be taken with the No. 1 overall draft pick. He is second only to Mark Aguirre from the 1981 draft. However, Flagg's draft was the first time in franchise history the Mavericks won the draft lottery.

This signing comes after the Mavericks agreed to terms with point guard D'Angelo Russell on a two-year, $13 million free-agent contract to be the lead ball handler amid Kyrie Irving's injury recovery.

Flagg will join a Mavericks roster loaded stars and valuable role players that make Dallas an immediate contender when fully healthy this season.

The acquisition of Flagg also sparks a rejuvenation in a Mavs fanbase that was distraught last season after the shocking trade of Luka Doncic and the litany of injuries that followed. The Mavericks organization is expected to make up plenty of Cooper's contract financially with the amount of season tickets, jersey sales, and attendance that is expected for years to come.

The rookie phenom is widely regarded as the best American-born prospect in years. He will hit the floor for his debut with the Mavericks on July 10 when Dallas plays the Los Angeles Lakers in the NBA Summer League in Las Vegas.