DeMarcus Cousins, Sacramento Kings agrees to contract extension

The Kings have reached an agreement on a contract extension with center DeMarcus Cousins for four years worth approximately $62 million.

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 sign Cousins until an agreement until after this season.

Reported by Jason Jones of the Sacramento Bee

Cousins deal will include no early termination option, which could’ve been possible after the third year of the deal, a source said.

After resisting the idea of giving Cousins a max deal without conditions in the contract, the Kings finally relented and gave the talented, but tempermental young center the offer he and his agent, Dan Fegan, had sought in negotiations.

Reported by Adrian Wojnarowski of Yahoo Sports