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4:55pm: The extension is official, the Mavericks announced via press release. “We are excited to retain Coach Carlisle in the Mavericks family,” Cuban said. “He is a championship-caliber coach that has made this organization better on and off the court.”
The coach was equally excited about remaining with Dallas. “Mark Cuban, Donnie Nelson and Dirk Nowitzki are the reason an extension like this is possible,” Carlisle said. “I have the best owner and general manager in sports, and one of the greatest players in NBA history to thank for this opportunity. There is much work to be done as we move forward.”
3:59pm: The Mavericks and head coach Rick Carlisle have reached an agreement on a five-year, $35MM contract extension, Marc Stein of ESPN.com reports (Twitter links). Carlisle will finish out his current deal covering both this season as well as 2016/17, which is a team option, and his extension will run through the 2021/22 campaign, Stein notes. Stein first reported that the two sides were close to reaching an agreement last month.
Carlisle signed a four-year deal before the 2012/13 season, and team owner Mark Cuban had said a few weeks ago that he and Carlisle shared interest in continuing their partnership for the long term. Mavs president of basketball operations Donnie Nelson also said this past spring that Carlisle could remain with Dallas as long as he wished.
The 56-year-old is the president of the NBA Coaches Association and is widely respected around the league. Carlisle led the Mavs to the NBA title in 2011 and has been with the franchise since May 2008, making him the third longest-tenured head coach in the NBA. He won Coach of the Year honors for the Pistons back in 2002, which was his first season as an NBA head coach. Carlisle led Detroit to back-to-back 50-win seasons before beginning a four-year tenure with the Pacers. He’s 619-431 over 13 full seasons as an NBA head coach, and he owns a 57-58 postseason record. For Dallas, he’s gone 338-220 in the regular season and 27-26 in the playoffs.