Mavs unlikely to give Jason Terry extension

Jason Terry's place in Mavericks lore is secure. He helped the Mavericks survive the free-agent departure of Steve Nash in 2004, played a pivotal role in Dallas' title run last season and has repeatedly said he dreams of retiring as a Mav.

Sources with knowledge of the Mavs' thinking, though, have left little doubt that Terry will not receive the contract extension he's been publicly angling for.

It's the same situation as Chandler's. The Mavs want to keep both vets ... but they want salary-cap space for the summer of 2012 more. Dallas has never had cap space in the Mark Cuban era and team sources have made it clear that finding another cornerstone player to pair with Dirk Nowitzki -- who turned 33 in June -- is the franchise's No. 1 priority in the wake of its championship breakthrough.

The Mavericks have been offering their own free agents, such as Caron Butler and J.J. Barea, one-year deals to preserve maximum financial flexibility, knowing full well that both players are thus locks to leave because they'll get more lucrative offers elsewhere.

The New York Knicks are taking the same approach, offering free agents they like -- such as Indiana big man Jeff Foster -- one-year deals in hopes of preserving as much cap space as possible for the summer of 2012.

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