DALLAS -- Superstar forward Dirk Nowitzki never wavered from his intention to re-sign with the Dallas Mavericks this offseason, but it wasn't a done deal until the sides made it official Tuesday.
And the Mavs may have received an even steeper home-town discount than many believed they would.
The team and Nowitzki agreed in principle to a deal before the free agent window opened July 10, but ESPN NBA Reporter Marc Stein tweeted Tuesday afternoon that Nowitzki's new deal will be worth $25 million over three years.
ESPN sources say Dirk Nowitzki has taken bigger pay cut than previously thought. Deal finalized today at three years, $25 mil for Mavs lifer— Marc Stein (@ESPNSteinLine) July 15, 2014
The team did not include financial details in its news release announcing the move, but if those figures are accurate, Nowitzki accepted a larger pay cut than Tim Duncan did when he re-signed with San Antonio after the 2012 season. Stein reported previously the sides would likely agree on a contract in the neighborhood of Duncan's three-year, $30.3 million agreement with the Spurs.
Anticipated deal for Dirk was a structure like Tim Duncan's deal w/Spurs, but he took $5 mil less to help facilitate Chandler Parsons move— Marc Stein (@ESPNSteinLine) July 15, 2014
The move sets up Dirk to be the ultimate Mav for life.
By the big German taking such a huge pay cut and apparently turning down lucractive offers from other teams (Stein reports the Houston Rockets and L.A. Lakers offered Nowitzki a maximum contract), Dallas may look for a nice front-office/ambassador-of-basketball role for Nowitzki when his playing days are done.
With the new contract, Nowitzki will be the fourth-highest paid player on the Mavericks' roster behind Parsons, Tyson Chandler, and Monta Ellis. In fact, the deal is worth less money per year than the contract forward Jordan Hill (with career averages of 6.7 points per game, 5.3 rebounds per game, and 0.7 assists per game) signed with the Los Angeles Lakers at the beginning of free agency.
Nowitzki ranked 11th in the NBA in Win Shares (an NBA quasi-equivalent to baseball's Wins-Above-Replacement) last season with 10.9, ranking ahead of Carmelo Anthony (10.7), who returned to New York this summer on a maximum contract worth almost $25 million per season.
As WFAA writer Robert Pike observed on Twitter, Miami's Dwyane Wade ranked 73rd in Win Shares last season, and will reportedly make about $15 million per year in his new deal with the Heat.
Nowitzki is a 12-time NBA All-Star, earned All-NBA Team honors 12 consecutive years (2000-12), was named Most Valuable Player of the 2006-07 season, and was MVP of the 2011 NBA Finals.
The career Mavericks superstar holds averages of 22.5 points, 8.1 rebounds, 2.6 assists and 35.9 minutes in 1,188 career games (1,157 starts) and holds the franchise’s top-spot in several categories including points, rebounds, field goals, three-point field goals, free throws, games, starts, and minutes.
Nowitzki, a native of Wurzburg, Germany, was the ninth overall pick in the 1998 NBA Draft and was originally acquired through a draft day trade with the Milwaukee Bucks. He re-signed with the Mavericks on October 22, 2001, signed a contract extension on September 26, 2006, and then agreed to a new deal on July 9, 2010.