Sacramento Kings sign DeMarcus Cousins to four year, $62 million dollar extension

Jan 18, 2013; Memphis, TN, USA; Sacramento Kings center DeMarcus Cousins warms up prior tot he game against the Memphis Grizzlies at the FedEx Forum. Mandatory Credit: Nelson Chenault-USA TODAY Sports

Just a few days ago, ESPN’s Marc Stein reported that the Sacramento Kings and DeMarcus Cousins were closing in on a contract extension and suggested that a deal could possibly get done before the Kings travel to Santa Barbara for the preseason.

He was correct.

According to a handful of sources, Cousins and the Kings have agreed on an extension that will keep the former Kentucky Wildcat in Sacramento through the 2017-2018 season.

Per the Sacramento Bee:

The Kings have reached an agreement on a contract extension with center DeMarcus Cousins for four years worth approximately $64 million.

The most Cousins was eligible for under the collective bargaining agreement was five years and $80 million.

There’s a bit of confusion on the actual salary number as Yahoo’s Adrian Wojnarowski reports it’s for $62 million and does not include any opt-out clause, making it a straight four year contract.

The Kings had until the end of October to extend Cousins and had they opted not to do so, he would have been a restricted free agent at season end but rather than deal with all of that, they chose to commit to their franchise player.

Topics: DeMarcus Cousins, Sacramento Kings

Want more from A Royal Pain?  
Subscribe to FanSided Daily for your morning fix. Enter your email and stay in the know.

TEAMFeed More Kings news from the Fansided Network

Hot on the Web From golf.com