Basketball Hall of Famer Clyde Drexler has signed a three-year deal to become the commissioner of the BIG3, the league announced Thursday.

Drexler replaces Roger Mason Jr., who confirmed in a statement on Monday that he had been terminated from the role.

The BIG3 is a 3-on-3 basketball league founded by actor/rapper Ice Cube that features mostly retired NBA players. After last year's inaugural season, it will return this summer, featuring former players Metta World Peace, Amar'e Stoudemire, Glen "Big Baby" Davis, Nate Robinson and Baron Davis.

"Clyde is a consummate professional, revered businessman and indisputably one of the greatest players to ever play the game of basketball," said league co-founders and co-CEOs Jeff Kwatinetz and Ice Cube. "We were thrilled to have his early support as a coach for our inaugural season and couldn't be more pleased to welcome him to the executive team as BIG3 Commissioner."

A 10-time All-Star, Drexler -- named one of the 50 Greatest Players in NBA history -- helped lead the Houston Rockets to the NBA title in 1995.