During his first season with the Lakers, Davis averaged 26.1 points and 9.3 rebounds while helping lead the Lakers to their first NBA championship since 2010.
Davis declined his player option worth $28.7 million on Nov. 15 and became an unrestricted free agent, though the Lakers were always the frontrunners to sign the 27-year-old.
After spending the first seven seasons of his career in New Orleans, the Lakers traded for the former No. 1 overall pick in July 2019.
Davis is the final piece of the Lakers offseason that saw general manager Rob Pelinka trade for Dennis Schroder from Oklahoma City, extend LeBron James, re-sign Kentavious Caldwell-Pope and Markieff Morris, and sign free agents Montrezl Harrell, Marc Gasol and Wesley Matthews.
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