Caris LeVert has signed a three-year, $52.5 million extension with the Brooklyn Nets, league sources told Adrian Wojnarowski of ESPN.

LeVert's new deal will kick in during the 2020-21 season.

The 25-year-old LeVert was Sean Marks' first draft pick as Nets' general manager.

The Nets currently have $121 million in salary for the 2020-21 season.