NBA superstar Luka Doncic has made history as the youngest ever player to sign a contract worth more than $280 million.
It was first reported by ESPN basketball guru Adrian Wojnarowski on Tuesday morning the Slovenian phenom has re-signed with the Mavericks on a rookie supermax-extension deal worth $US207 million.
According to ESPN Stats, the 22-year-old is the youngest player ever to be eligible to sign a rookie supermax-extension as a result of his selection in the All-NBA First Team in two consecutive seasons, activating the clauses needed under NBA rules for the supermax-extension contract to be offered.
The Dallas Morning News reports Mavericks owner Mark Cuban has flown to Slovenia and an announcement will be made on Wednesday (AEST).
Wojnarowski said on ESPN it is a “landmark” deal that includes a clause in Doncic’s favour to active the final year of the contract.
The reported breakdown of the contrast will see Doncic become the ninth highest-paid player in the NBA with average annual earnings of $US41.4 million.
It also sets a new record for the team, with its previous biggest contract being a $158 million deal with Kristapps Porzingis.
It is the softest of landings possible for Doncic after he and his team were beaten by the Australian Boomers in the bronze medal play-off at the Tokyo Olympics last week.
“Today is a dream come true,” Doncic told ESPN.
“I am humbled and excited to remain in Dallas as part of the Mavericks and appreciate the support of my fans.”
Doncic, who led Slovenia into the medal games at the Tokyo Olympics before a fourth-place finish, had been playing on the deal he signed after being the third overall pick of the 2018 NBA Draft.
Doncic averaged 27.7 points, 8.0 rebounds and 8.6 assists a game last season shooting 47.9% overall from the floor, 35% from 3-point range.
After winning the 2019 NBA Rookie of the Year for a 33-49 Mavericks squad, Doncic has sparked Dallas into the playoffs the past two seasons, only to lose to the Los Angeles Clippers in the first round both times.
The Mavericks have not won a playoff series since capturing the 2011 NBA Finals, falling six times in the first round and failing to qualify four times over the past 10 seasons.