The Brooklyn Nets announced they reached an agreement Thursday on a contract extension with point guard Spencer Dinwiddie.

Adrian Wojnarowski of ESPN reported the extension is for three years and $34 million and has a player option for the third season. Dan Feldman of Pro Basketball Talk added context:

The guard shared his thoughts on the pact as well:

Dinwiddie has developed into a reliable role player for the Nets after he bounced around the NBA for the first few years of his career.

The 25-year-old Los Angeles native was a second-round pick of the Detroit Pistons in the 2014 draft. He split two years between the Pistons and the Grand Rapids Drive, the team's G League affiliate, before Detroit traded him the Chicago Bulls in June 2016.

He never appeared in a regular-season game for Chicago and signed with Brooklyn in December 2016 after a short stint with the G League's Windy City Bulls early in the 2016-17 season.

Dinwiddie has averaged 11.5 points, 5.1 assists and 2.9 rebounds across 168 appearances for the Nets over the past two-plus seasons.

In November, the University of Colorado product told Michael Scotto of The Athletic he hoped to receive an extension offer.

"Oh, I mean, I'd love to have one," Dinwiddie said. "I'd love to be here. This organization has shown me hospitality and given me an opportunity like I haven't had in the NBA before, so I'm definitely indebted to them, and if they decide to sign me, I'd be one of the happiest players in the league."

He'll remain a part of a promising backcourt rotation with D'Angelo Russell and Caris LeVert as Brooklyn attempts to turn a corner in its rebuild.

Dinwiddie probably won't become a franchise cornerstone for the Nets, but he can provide a consistent offensive spark off the bench, which is always valuable.