- Associated Press - Thursday, July 3, 2014

DALLAS — Dirk Nowitzki and the Dallas Mavericks have agreed on what could be the final contract for the future Hall of Famer.

A person with knowledge of the deal told The Associated Press on Thursday that Nowitzki would get a three-year contract worth roughly $30 million. The person spoke on condition of anonymity because the deal has not been announced.

New contracts can’t be signed until next Thursday.

The 36-year-old Nowitzki is taking a big pay cut with a contract similar in value and structure to the one Tim Duncan signed with San Antonio two years ago.

Duncan, who also took a much lower salary, is exercising a player option to return for the final season of his deal after helping the Spurs win their fifth title since 1999.

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