Luka Doncic is a Slovenian professional basketball player who currently plays for the Dallas Mavericks in the NBA. Doncic signed his rookie contract with the Mavericks in 2018, and since then, he has become one of the most exciting and talented players in the league. His contract details reflect his status as a rising star in the NBA and the Mavericks’ commitment to building their team around him.
Doncic’s current contract with the Mavericks is a four-year, $32.7 million deal that runs through the 2021-2022 NBA season. The contract includes a team option for the 2022-2023 season, which the Mavericks are expected to pick up. This means that Doncic will be with the Mavericks for at least the next two seasons, and possibly longer if the team exercises its option.
His current contract is a rookie scale deal, which means that his salary is based on a predetermined scale that is set by the NBA. Under this scale, Doncic’s salary for the 2021-2022 season will be $10.2 million. However, Doncic is eligible for a contract extension before the start of the 2021-2022 season, which could potentially increase his salary.
If Doncic and the Mavericks agree to a contract extension, he would become eligible for a maximum contract. A maximum contract is a type of contract that allows NBA teams to pay their star players a higher percentage of the team’s salary cap. The exact value of a maximum contract is based on the player’s years of experience and his performance on the court.
Doncic’s performance in his first three seasons in the NBA has been nothing short of spectacular. He has averaged 25.7 points, 8.4 rebounds, and 7.7 assists per game during that time, and he has been named an All-Star twice. These impressive stats have led many to believe that Doncic will be offered a maximum contract when his current deal expires.
If Doncic does sign a maximum contract, he could potentially earn up to 30% of the Mavericks’ salary cap in the first year of the contract. Based on the NBA’s projected salary cap for the 2022-2023 season, this would translate to a starting salary of around $37.5 million per year.
In addition to his base salary, Doncic’s contract also includes a number of performance incentives and bonuses. For example, he is eligible to earn bonuses for being selected to the All-NBA first, second, or third team, as well as for winning NBA MVP or Finals MVP awards. These incentives can add a significant amount of money to Doncic’s overall compensation, and serve as a testament to his potential to be one of the best players in the league.
Outside of his NBA contract, Doncic also has several endorsement deals with major brands such as Nike, Jordan, and Beats by Dre. These deals allow him to earn additional income through product endorsements, appearances, and other activities. Doncic’s popularity and success on the court have made him a highly sought-after endorser for many companies, and his endorsement deals are likely to continue to grow in value as he becomes an even more established star in the NBA.
Luka Doncic’s contract details reflect his immense talent and potential, as well as the Mavericks’ commitment to building their team around him. While his exact compensation remains to be seen, it is clear that Doncic is in line for a significant pay increase when his current contract expires. With his impressive stats and growing popularity, Doncic is well on his way to becoming one of the best players in the NBA and a major star.
Read more: What are Jimmy Butler’s contract details for the 2022-23 NBA season?
Luka Doncic and his net worth
Luka Doncic is a Slovenian professional basketball player currently playing for the Dallas Mavericks of the National Basketball Association (NBA). He was born on February 28, 1999, in Ljubljana, Slovenia. Luka Doncic’s net worth is estimated to be around $100 million, making him one of the wealthiest basketball players in the world.
Doncic started his basketball career at a very young age and quickly became one of the most promising players in Europe. In 2015, he signed with the Spanish club Real Madrid, where he played for three seasons and won numerous awards and accolades. In 2018, he was drafted by the Dallas Mavericks as the third overall pick in the NBA draft.
During his first season in the NBA, Doncic made a huge impact and quickly established himself as one of the league’s best players. He won the NBA Rookie of the Year award, becoming the youngest player to win the award since Kevin Durant in 2008. Doncic’s success continued in his second season, where he was named to the All-NBA First Team and finished fourth in the MVP voting.
Doncic’s impressive performances on the court have also translated into huge financial success off the court. He has numerous endorsement deals with brands such as Nike, Beats by Dre, and Panini. In 2019, he signed a multi-year endorsement deal with Jordan Brand, becoming the face of the brand’s basketball line.
In addition to his endorsement deals, Doncic also earns a significant amount of money from his NBA contract. In 2020, he signed a five-year, $207 million contract extension with the Dallas Mavericks, which will keep him with the team through the 2025-26 season. The contract makes him the highest-paid Slovenian athlete of all time.
Doncic’s net worth is also boosted by his investments. He has invested in several businesses, including a restaurant in Slovenia and a football club in his hometown of Ljubljana. He also owns a luxury apartment in the heart of downtown Dallas, which he purchased for $2.9 million in 2021.
Get the latest from Sportslumo.com by following us on Instagram, Twitter, and YouTube