The Brooklyn Nets and guard Spencer Dinwiddie have agreed to a three-year contract extension, the team announced.
The deal is for $34 million, league sources tell ESPN. There will be a player option on the third year, sources said.
Dinwiddie was eligible for four years and $47 million, but the sides went with a shorter deal that would get him back into free agency more quickly. His new deal will pay him $10.6 million, $11.4 million and $12.3 million annually starting with the 2019-20 season, sources said.