The exact details of the deal reported by ESPN.com’s Marc Stein aren’t known yet, but it’s a three-year contract in the $30 million range with a player option for the final season. Duncan’s deal with the San Antonio Spurs that expires after next season is for $30 million over three years, with a player option that he exercised for next season.
If Nowitzki’s deal starts with a $10 million salary, the Mavs have approximately $16.4 million in space under the salary cap, which is projected at $63.2 million. They also have the cap room exception (about $2.7 million per year for no more than two seasons) at their disposal and can exceed the cap to sign players to minimum contracts. The Nowitzki deal could start with a salary as low as $9.3 million and average $10 million over three years with 7.5 percent annual raises. In that case, the Mavs would have approximately $17.1 million in cap space.
A quick look at the Mavs’ cap picture:
Tyson Chandler: $15,096,888
Dirk Nowitzki: $10,000,000 (estimated)
Monta Ellis: $8,360,000
Brandan Wright: $5,000,000
Raymond Felton: $3,793,693
Jae Crowder: $915,243
Ricky Ledo: $816,482
Gal Mekel: $816,482
Minimum cap holds (4 at $490,180 each): $1,960,720
Cap commitments (including minimum holds): $46.76 million