Donovan Mitchell got the life-changing news Sunday and immediately began celebrating. He ripped off his T-shirt, ran out of the house and leaped into the pool.

And just as he did in his first three seasons with Utah, he made a huge splash.

Mitchell is now a max-contract recipient, he and the Jazz agreeing Sunday on a five-year extension that guarantees him $163 million — the new paydays start kicking in with the 2021-22 season — and could be worth $196 million if he reaches the All-NBA level.

“A dream does not become reality through magic it takes sweat, determination and hard work,” Mitchell wrote on Instagram after sharing a toast with CAA Basketball agent Ty Sullivan and some family members as the celebration continued.