7:41pm: The Mavericks have officially announced Kleber’s extension (via Twitter).
10:43am: Kleber’s extension will be fully guaranteed, sources tell Charania (Twitter link).
9:04am: The Mavericks are finalizing a three-year extension with forward Maxi Kleber, according to Shams Charania of The Athletic, who reports (via Twitter) that Kleber’s new contract will be worth $33MM.
Kleber is set to earn $9MM in 2022/23, the final season of the four-year, $34MM deal he signed with Dallas during the 2019 free agent period. His new agreement with the team, which will bump his average annual salary to $11MM, will extend his contract through the 2025/26 season.
An undrafted free agent from Germany, Kleber has spent the last five seasons with the Mavericks. He has appeared in 326 regular season games during that time, starting 136 of them and averaging 7.1 PPG and 4.8 RPG on .446/.359/.796 shooting in 22.7 minutes per contest.
Kleber, 30, saw his shooting percentages drop off noticeably in 2021/22, as he made just 39.8% of his shots from the floor, including 32.5% of his threes. However, Dallas’ new financial commitment to him suggests the team is confident he’ll bounce back in ’22/23.
With Spencer Dinwiddie‘s and Reggie Bullock‘s salaries for 2023/24 not yet fully guaranteed, there might have been a path for the Mavs to create some cap flexibility next summer. However, their deal with Kleber signals they’re fully preparing to operate over the cap again, even with Christian Wood and Dwight Powell still on expiring deals.
Because Kleber’s extension will exceed the NBA’s extend-and-trade limits, he’ll be ineligible to be dealt for six months after his signing date. Even if the two sides finalize the agreement shortly, that six-month window will extend into March, well past the 2023 trade deadline, so Dallas won’t be able to move him until next offseason.
Kleber is set to become the 10th player to sign a veteran contract extension so far this offseason, as our tracker shows.