The Mavericks have officially announced that they have completed a contract renewal with Kyrie Irving.

According to Substack reporter Marc Stein, the total value of the three-year new contract officially signed by Irving and the Mavericks is US$118.5 million. The contract includes the third year player option, a 15% trading margin clause, and the advance payment terms that half of the salary each season must be paid by October 1.