DALLAS, TX - MAY 02: Dirk Nowitzki #41 of the Dallas Mavericks celebrates during play against the San Antonio Spurs in Game Six of the Western Conference Quarterfinals during the 2014 NBA Playoffs at American Airlines Center on May 2, 2014 in Dallas, Tex
AP Photo
July 04, 2014

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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