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.