Los Angeles Lakers forward Anthony Davis has agreed on a three-year, $186 million maximum contract extension, tying him to the franchise through 2028 for a total of $270 million, Klutch Sports CEO Rich Paul told ESPN on Friday.
Davis' deal is the richest annual contract extension in NBA history, averaging $62 million a season.
Davis, who had two years and $84 million left on his contract, became eligible to sign the three-year extension on Friday, and Lakers general manager Rob Pelinka and Paul moved quickly to complete a deal.
Along with LeBron James, Davis remains a cornerstone of a team that advanced to the Western Conference Finals a season ago.