All-Star guard Kyrie Irving plans to decline a $43 million player option and sign a three-year, $119 million contract extension with the Dallas Mavericks, he confirmed on X.

Stephen A. Smith slams Mavericks for giving Kyrie Irving a lowball deal despite his All-Star numbers and veteran leadership.

Per Spotrac, Dallas would have been $74.8 million over the salary cap with $819,667 in first apron space and $12.7 million in second apron space. Had Irving opted into his $43 million player option, it would have sent the Mavericks over the second apron.