Reports: Mavs lock up Porzingis with $158M extension

The Dallas Mavericks and center Kristaps Porzingis reached an agreement on a five-year, $158 million contract, according to multiple reports Sunday.

Porzingis, who did not play last season while recovering from knee surgery, was traded from the New York Knicks to the Mavericks on Jan. 31. He averaged 22.7 points in 48 games in 2017-18.

The new deal in Dallas is a max contract that will be the largest in Mavericks history in total dollars and per-season average. The Mavericks will now build around the 7-foot-3 Porzingis, who turns 24 in August, and 20-year-old guard/forward Luka Doncic, the NBA Rookie of the Year last season.

Porzingis averaged 17.8 points and 7.1 rebounds for the Knicks from 2015-2018 after they made the Latvian the fourth pick in the 2015 NBA Draft.

Knicks team president Steve Mills said in May that Porzingis had told the team he would not re-sign with New York and threatened to go back to Europe if he was not traded.