After opting out of his contract, Dirk Nowitzki has reportedly come to terms with the Dallas Mavericks on a 2-year deal worth about $40 million.
The details of the contract have not yet been finalized, but ESPN's Marc Stein reported that an agreement on the broader terms has been reached. Free agents cannot officially sign contracts until the NBA free agency moratorium ends July 8.
The 38-year-old Nowitzki declined a player option for the 2016-17 season worth $8.6 million, making him an unrestricted free agent.
Nowitzki averaged 18.3 points and 6.5 rebounds in 31.5 minutes per game in Dallas during the 2015-16 season.
The latest news from around North Texas.
There was speculation that Nowitzki, a Maverick since the team traded for him during the 1998 draft, would consider leaving Dallas if he thought the team management fielded wouldn't be competitive. After Dallas failed in their pursuit of free agent center Hassan Whiteside, Nowitzki's future in Dallas seemed murky.
The Golden State Warriors had reportedly considered Nowitzki a contingency plan if they weren't able to sign free agent Kevin Durant. Durant announced Monday his intent to sign with Golden State.
After Durant agreed to sign, the Associated Press reported that Golden State agreed to move center Andrew Bogut to the Dallas. They also reported that Golden State's Harrison Barnes agreed to sign with Dallas.