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The Kings have reached an agreement on a contract extension with center DeMarcus Cousins for four years worth approximately $62 million, league sources confirmed Thursday night.
The most Cousins was eligible for under the collective bargaining agreement was five years and $80 million. The contract takes effect for the 2014-15 season.
The deadline for first-round draft picks from 2010 to agree to contract extensions is Oct. 31. If the Kings had not reached an agreement, they could not have signed Cousins until after this season.
Reported by Jason Jones and Ailene Voisin of the Sacramento Bee
