Luka Doncic is closing in on a max extension with the Dallas Mavericks.
According to Marc Stein of The New York Times, Doncic will formally sign a five-year, $202 million extension after the Tokyo Olympics. The two-time All-Star is focused on getting Slovenia a medal before engaging in any discussions with the Mavs.
Luka Doncic will soon formally land a five-year, $202 million contract extension with Dallas, but league sources say those discussions will take place post-Olympics, with Doncic intent on keeping his focus on Slovenia's MEDAL chase.— Marc Stein (@TheSteinLine) August 2, 2021
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The Slovenians went 3-0 in the preliminary round thanks to Doncic, who is averaging 28.3 points, 10.7 rebounds, and seven assists per game at this summer's Olympics.
Doncic's extension would take effect during the 2022-23 season and would keep him under contract through the summer of 2027.
The 22-year-old has emerged as one of the NBA's top players after just three seasons. During the 2020-21 campaign, he averaged 27.7 points, eight rebounds and 8.6 assists per game while shooting 47.9% from the field and 35% from deep.
Doncic was named Rookie of the Year in 2019 and has made an All-NBA Team twice in his young career. Before joining the Mavericks, he was an MVP and Final Four MVP in the EuroLeague in 2018.
With Doncic expected to sign in the near future, the Mavericks can now focus their sights on upgrading in other areas.