"Mavericks officials and Irving's agent, Shetellia Riley Irving, negotiated the new deal that keeps Irving out of free agency and in Dallas long term," Charania wrote. "The new deal includes a player option in the 2027-28 season, sources said."

The new contract will align Irving with co-star Anthony Davis, who joined the Mavericks in the seismic trade that sent Luka Doncic to the Lakers in February.

Reportedly, Kyrie Irving will decline his $43 million player option and instead sign a three-year, $119 million deal.