The Dallas Mavericks have given coach Rick Carlisle a five-year contract extension worth $35 million, reports ESPN's Marc Stein. The decision will keep Carlisle, one of the league's longest-tenured and well-respected coaches, with the franchise for a long time.
Carlisle is under contract for this season and the team has an option for next year. Both of those years will be honored, so the new deal will begin in the 2017-18 season and last through the 2021-22 campaign, Stein reports.
Carlisle is the third-longest tenured NBA coach, trailing the Spurs' Gregg Popovich and the Heat's Erik Spoelstra. He's amassed a 304-222 record in just over seven seasons in charge of Dallas. Carlisle led the Mavericks to the 2011 NBA title and has yet to post a losing season in Dallas. Mavericks general manager Donnie Nelson called Carlisle "our Jerry Sloan" after last season, referencing the longtime Jazz coach that was in charge in Utah for 22-and-a-half years.
Carlisle's new contract puts him in a tie for the third-highest paid coach in the NBA, behind Gregg Popovich and Doc Rivers, but on par with Stan Van Gundy. That will likely change, though, before the deal actually begins in two years.