All-Star guard Kyrie Irving plans to decline a $43 million player option and sign a three-year, $119 million contract extension with the Dallas Mavericks, he confirmed on X.

The Dallas Mavericks and Kyrie Irving have agreed on a $119 million, three-year contract as he continues recovering from a torn ACL that will sideline him into the 2025-26 season, a person with knowledge of the deal said Tuesday night.

Irving declined the option, instead signing a new three-year deal with the Mavericks with a player option for 2027-28, a person familiar with the negotiations confirmed to The Dallas Morning News. Irving had no plans to leave Dallas, where he’s become the unequivocal team leader, especially after Luka Doncic was traded in February.