The Dallas Mavericks have picked up Luka Doncic's third-year option as well as Justin Jackson's fourth-year option, according to ESPN's Bobby Marks. Doncic, the reigning Rookie of the Year award winner, will earn $8 million while Jackson will earn $5 million during the 2020-21 season.

Doncic is coming off one of the greatest rookie seasons for any player entering the league, establishing himself as a capable scorer and a gifted playmaker. The Slovenian wonderkid averaged 21.2 points, 7.8 rebounds, and 6.0 assists through 72 games last season, winning the award comfortably over Trae Young of the Atlanta Hawks.

The 20-year-old still has plenty left to reach his ceiling as a player, making this extension a surefire no-brainer for the Mavs' brass, who have every intention to move forward with him as their franchise player.

Jackson spent only part of the 2018-19 season with the Mavericks, but flourished under Rick Carlisle as one of his spot shooters off the bench. The North Carolina product averaged 8.2 points, 2.3 rebounds, and 1.0 assists through 29 games with Dallas, 11 in which he got the nod to start.

The 24-year-old could get some minutes backing up the wings, either under Doncic or Tim Hardaway Jr., with the potential to be one of Carlisle's first men off the bench if the team is in need of shooting.

Both players figure to be part of the Mavs' ensemble for years to come as the team transitions from being Dirk Nowitzki's teams to the hands of his young apprentice, whom the Mavs paired up with Kristaps Porzingis during last year's trade deadline.