Just a minute after the midnight start of NBA free agency, former University of Kentucky star Anthony Davis tweeted that he's staying with the New Orleans Pelicans.
The deal is a maximum five-year extension that could be worth in excess of $145 million, a league source told Yahoo Sports. The exact value of his extension can't be determined until the salary cap has been set next week.
The extension will begin with the 2016-17 season. This season, he'll still be paid under the terms of the contract he signed as a rookie.
The 22-year-old Davis averaged 24.4 points, 10.2 rebounds and 2.9 blocks last season while guiding New Orleans to the playoffs for the first time since 2011. He finished fifth in voting for the league's MVP award.
The Pelicans have made no secret of their plan to build around the 6-foot-10 Davis, who is faster than most players his size, can score from inside and outside, and changes games defensively with his shot-blocking and rebounding.
He has been named an All-Star twice in his first three pro seasons. He also won a gold medal with the U.S. Olympic team in 2012 shortly after winning a national title with Kentucky, and led the Americans to another gold at the Basketball World Cup last summer.
Next season, he'll be playing for new Pelicans coach Alvin Gentry, who has said he intends to introduce a faster-paced offense with Davis as the focal point. Gentry, who recently won an NBA championship as an assistant with Golden State, gained additional familiarity with Davis during the first round of the playoffs, when Davis averaged 31.5 points, 11 rebounds and three blocks in four games against the Warriors.
"We're going to play a lot faster and give (Davis) an opportunity to be in the open court," Gentry said last week. "He is our best player and a lot of things are going to be built around him. I think he's a real versatile player."
Go here for Yahoo Sports' complete report on Davis' re-signing with the Pelicans.
Here are Davis' tweets from after the agreement was reached: