Anthony Davis and Pelicans agree to five-year, $145 million contract extension

37 Comments

That didn’t take long. At precisely 12:01am Eastern time, when free agency opened, the Pelicans wasted no time in locking up Anthony Davis to a five-year max extension worth around $145 million that will keep him in New Orleans through at least 2020.

From Yahoo’s Adrian Wojnarowski:

New Orleans Pelicans All-Star forward Anthony Davis has reached agreement on a maximum five-year extension that could be worth in excess of $145 million, a league source told Yahoo Sports.

The contract will have a player option after the fourth year, sources said.

Davis confirmed the news of his extension on Twitter:

Remember, the high number on the extension is tied to the 2016-17 salary cap, which is expected to be as much as $30 million higher than it is this year.

For both sides, this deal was a complete no-brainer. Davis got a ton of guaranteed money, and the Pelicans locked up the biggest rising star in the NBA (and likely future MVP) through age 29.