Dirk Nowitzki

Dirk Nowitzki is the latest to finalize a new deal this off-season. He’s agreed to terms with the Dallas Mavericks on a new three-year contract, said to be in the $30 million range, sources tell ESPN.

The deal will also include a player option that would allow Nowitzki to return to free agency in the summer of 2016 and preserves the rare no-trade clause he had in his last contract.

Dirk’s new contract comes on the heels of his completed a four-year, $80 million contract. He takes a pay cut to help the Mavs free up enough salary-cap space for the team to attempt to sign top free-agent target Carmelo Anthony or multiple other free agents.

The deal can’t be made official until July 10, when a league-wide moratorium on signings and trades is lifted.