Dirk Nowitzki agrees to re-sign with the Dallas Mavericks?

The Dallas Mavericks are expected to announce that German power forward Dirk Nowitzki has agreed to re-sign for the team, according to a report in the press.

The veteran player is thought to have agreed to a significant pay cut to stay at the Mavs, with his new three-year deal considered to be worth around $30m (£17.4m), according to NBA.com.

The 36-year-old became a vital player for Dallas last season having played an important part in a standout offense.

It is thought that during the 2013-2014 season Nowitzki earned in the region of $22m (£12.8m).