As of March 7, 2025, there is no information indicating that Nico Harrison, General Manager of the Dallas Mavericks, has signed a new contract valued at $172.5 million. The most recent contract development occurred on June 4, 2024, when Harrison agreed to a multi-year extension with the Mavericks. The financial terms of that extension were not publicly disclosed. 
Harrison, who became the Mavericks’ GM in June 2021 after a 19-year tenure at Nike, has been instrumental in reshaping the team’s roster. His strategic moves include the acquisition of Kyrie Irving in February 2023 and the selection of center Dereck Lively II in the 2023 NBA Draft. These decisions have significantly contributed to the Mavericks’ competitive performance in recent seasons.
In the 2023-2024 season, Harrison further bolstered the team’s lineup by trading for forward P.J. Washington and center Daniel Gafford before the trade deadline. These additions played a crucial role in the Mavericks’ midseason turnaround, culminating in a Western Conference title and an appearance in the NBA Finals against the Boston Celtics.
The contract extension in June 2024 reflects the organization’s confidence in Harrison’s leadership and vision. Team governor Patrick Dumont praised Harrison’s contributions, noting that his efforts have led to two playoff appearances in three seasons and a trip to the NBA Finals.
As of now, there have been no official announcements regarding a new contract for Nico Harrison valued at $172.5 million. Any such developments would likely be reported by reputable sports news outlets.
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