The Sacramento Kings announced Monday that they signed center DeMarcus Cousins to a multi-year contract extension.
Financial terms were not released but multiple media outlets reported last week that the Kings and Cousins agreed to a four-year, $62 million extension.
"DeMarcus is a unique talent with skills rarely witnessed at the center position," general manager Pete said D'Alessandro said in a statement. "His combination of size, quickness and athleticism lends an invaluable dimension to our team now and in seasons to come. We look forward to watching DeMarcus continue his development into one of the best players in the game."
Cousins averaged 17.1 points, 9.9 rebounds, 2.7 assists and 0.7 blocks last season, and has career averages of 16.3 points and 9.8 rebounds per game in his first three seasons.
"I am excited to continue to be a part of the Kings under the leadership of Vivek Ranadive and the Sacramento ownership group," Cousins said in a statement. "I'm also thankful to work alongside Pete D'Alessandro and coach Michael Malone. I'm anxious to get back on the court with my teammates and can't wait to play again in front of the best fans in professional sports. I plan on showing them my appreciation this season and beyond."
Cousins had one year left on his deal. If the Kings and Cousins did not agree on an extension by the Oct. 31 deadline, they still would have been able to make him a restricted free agent, meaning they could match any offer for Cousins at the end of the season.
He was taken fifth overall by the Kings out of Kentucky in the 2010 draft.
The 23-year-old has had ups and downs with team management through his first three years and there were trade rumors that floated last season to deal the headstrong player. However, the Kings are under new ownership and have a new front office. They brought in former rival Shaquille O'Neal as a minority owner this week. O'Neal is expected to work with Cousins and may serve as a mentor for the young center.