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The rookie contract represents a significant financial commitment reportedly worth $62.7 million over four years.
Flagg will earn $13.8 million in his first season, with the Mavericks holding team options for the third and fourth years.
The Duke product arrives with impressive credentials from his lone college season. The 6-foot-9 forward averaged 19.2 points, 7.5 rebounds, and 4.2 assists per game while shooting 48.1 percent from the field and 38.5 percent from 3-point range.
His defensive impact showed in 1.4 steals and 1.4 blocks per game, and he became the fourth freshman to win AP National Player of the Year.
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