Nine-time All-Star Kyrie Irving has opted out of his $43 million player option and agreed to a three-year, $119 million extension with the Dallas Mavericks, according to ESPN’s Shams Charania.

The deal, which includes a player option for the 2027–28 season, comes as Irving recovers from a torn ACL sustained in March and underscores a mutual commitment to anchor Dallas’s core alongside Anthony Davis and presumed incoming rookie to be drafted no.1 overall in this year’s draft Cooper Flagg.

Last season, Irving averaged 24.7 points, 4.8 rebounds and 4.6 assists over 50 games. Playing all 22 playoff games, he averaged 22.1 points and 5.1 assists while leading the Mavericks to the 2024 NBA Finals. With the extension, Dallas lowers his annual cap hit and drops below the luxury-tax second apron – freeing up the $5.7 million taxpayer mid-level exception for potential offseason moves.

Irving, 33, spoke briefly on the decision: he and team officials are united in building a legacy in Dallas, with eyes on a championship window. Returning from ACL surgery as early as January, he signals his readiness to help the Mavericks contend at the highest level.

ANALYSIS: This move marks the roster continuity for Dallas, as Irving solidifies their core alongside Davis and Flagg, signaling intent for long-term competitiveness. By opting out and thus lowering the cap burden, the Mavericks restored mid-level exception with its cap strategy and it gives their front office flexibility to make more moves in the future. 

Although injured, Irving’s contract shows faith in his return and his role as team leader. Dallas positions itself to build around Irving, Davis, and Flagg – balancing short-term title ambitions with sustainable growth. This deal not only secures their veteran playmaker but also opens room to add supporting pieces needed to compete next season.