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DeMarcus Cousins Signing 4 Year $62 Million Extension With Kings

 

The Sacramento Kings have officially cemented DeMarcus Cousins status as the franchise player, The Sac Bee is reporting that the Kings have reached an agreement on a contract extension for four years worth $62 Million.

As per Sac Bee:

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.

But new Kings ownership made it clear Cousins was the cornerstone of the franchise. After closing the deal to purchase the Kings, principal owner Vivek Ranadive’s first call was to Cousins, and he said building around him would be a priority. General Manager Pete D’Alessandro has asked for Cousins’ input on personnel, and Cousins has been in Sacramento working with the new coaching staff and teammates in preparation for next month’s training camp.

Cousins averaged 17.1 points and 9.9 rebounds last season, slightly down from the 18.1 points and 11 rebounds in his second season.

 

 

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