SACRAMENTO, CA - DeMarcus Cousins confirmed to News10 via text message, that he has agreed to a maximum contract extension in principle, to remain with the Sacramento Kings.
The Sacramento Bee was first to report.
When asked about the report, Cousins simply replied,"true."
One source told News10 that the extension is the maximum for four years, worth $62 million.
The maximum deal Cousins and the Kings could have been eligible for was a five-year extension worth $80 million. He will now be eligible for another maximum contract when he's 28 years-old.
Another source said a press conference is scheduled for Monday in Sacramento to officially announce the extension with the Kings talented center.
Both sources spoke on the condition of anonymity because they were not authorized to speak publicly.
The 23-year-old Cousins is entering the final year of his rookie contract with the Kings. His new contract will begin in the 2014-15 season.
The Kings have not confirmed the agreement.
Drafted out of Kentucky by Sacramento with the fifth overall pick in the 2010 NBA Draft, Cousins and the Kings had until Oct. 31 to agree to an extension. He would have become an unrestricted free agent following the upcoming 2013-14 season, much like his former teammate Tyreke Evans, who signed with New Orleans in July.
In three seasons in Sacramento, Cousins has career averages of 16.3 points, 9.8 rebounds and 2.3 assists per game. Last season, Cousins averaged 17.1 points and 9.9 rebounds per contest.
Sacramento will open up their training camp with Media Day on Monday, before spending the first week of preseason in Santa Barbara.
Extending Cousins was a priority for new Kings owner Vivek Ranadive, who called him the cornerstone of the franchise, while watching him participate with Team USA in Las Vegas in July.
By Sean Cunningham, SCunningham@News10.net