Just under two months after winning his first NBA championship, Los Angeles Lakers All-Star striker Anthony Davis reportedly committed to signing a five-year, $190 million extension to the franchise.
Richard Paul, Davis’ agent and the founder and CEO of Klutch Sports, told ESPN on Thursday that his client will sign a contract to stay with the reigning NBA champion.
According to ESPN, Davis will earn $32.7 million in the coming season, with his salary rising to $35.3 million and $37.9 million in the next two years, according to ESPN. The seven-time All-Star will earn $40.6 million in the 2023-24 season and $43.2 million in the final year of his deal.
The $190 million Davis will earn over the next five years is the maximum amount he was allowed to sign under the NBA collective bargaining agreement.
Players who have been in the league for between nine and seven years can earn up to 30 percent of the current cap, which this season is $32.7 million, in the first year of a new deal.
When Davis’s current contract expires, he will have played in the league for more than ten years and will be eligible to sign the so-called Supermax contract, which allows qualified players to sign a five-year contract worth up to 35 percent of the salary cap in the first year, with the option to pay eight percent of salary in increments of eight percent in subsequent seasons.
According to Spotrac, Davis’ five-year extension will make his contract the third highest total in the NBA, alongside Golden State Warriors star Klay Thompson, who agreed to a five-year maximum contract last July.
Russell Westbrook and Stephen Curry are the only players whose contracts exceed the value of Davis’ contract extension. Curry signed a five-year extension with the Warriors in summer 2017 for $201 million, making him the first NBA player to sign a Supermax contract worth more than $200 million.
Meanwhile, Westbrook signed a five-year 2018 extension with Oklahoma City Thunder for $206 million, before being sold to the Houston Rockets 12 months later and to the Washington Wizards on Wednesday.
Philadelphia 76ers star Tobias Harris ranks behind Davis and Thompson, after signing a five-year $180 million extension last year, just ahead of teammate Ben Simmons and Milwaukee Bucks star Khris Middleton, who both agreed to $177 million in five-year deals.
Houston Rockets star James Harden and his new teammate John Wall, who the Rockets acquired in the Westbrook deal, complete the top 10 alongside Detroit Pistons striker Blake Griffin. All three signed five-year extensions worth $171 million.
In terms of average salary, however, Harden and Wall lead the way with deals averaging $42.7 million, followed by Westbrook and Brooklyn Nets star Kevin Durant, whose contracts average $41.3 million and $41 million respectively.
With $37.9 million, Davis’ Laker extension is the eighth most lucrative contract in the league in terms of average salaries, just behind his teammate LeBron James’ $38.2 million annual average.
Last month, Davis turned down his player option that would have earned him $28.7 million to become a free agent and negotiate a lucrative extension with the Lakers.
Under the new five-year contract, he will spend at least three more seasons alongside James, who signed a two-year extension to the end of the 2023-24 season on Wednesday.
Davis and Paul share the same agent, and the former applied for a trade outside New Orleans to join James in Los Angeles in January 2019.
The Pelicans initially denied the request, but eventually agreed to send Davis to the Lakers six months later in a blockbuster deal in exchange for Brandon Ingram, Lonzo Ball, Josh Hart and three first-round picks.
Davis and James immediately developed into one of the most devastating partnerships in the NBA, bringing the Lakers back to the playoffs for the first time in six seasons before winning the franchise’s first title in ten years.
Davis averaged 26.1 points, 9.3 rebounds, 3.2 assists and 2.3 blocks per game in the regular season. He shot 50 percent from the ground, 33 percent from three points and 84.6 percent from the free-throw line – the best result of his career.
In the playoffs, he raised the bar even higher, scoring an average of 27.7 points and 57 percent from the ground, 38 percent from the arc, and adding 9.7 rebounds, 3.5 assists and 1.4 blocks per game.