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Luka Doncic agrees to $200 million extension with Dallas Mavericks

As expected, 22-year-old NBA MVP candidate Luka Doncic has agreed to sign a five-year designated player extension from the Dallas Mavericks worth in excess of $200 million, according to ESPN's Adrian Wojnarowski.

The deal, per the report, is worth $207 million.

"Today is a dream come true," Doncic told ESPN in a statement, in part. "The game of basketball has given me so much and has taken me to so many amazing places. I am humbled and excited to remain in Dallas as part of the Mavericks and appreciate the support of my fans.