22-year old NBA star Anthony Davis has signed the richest contract in NBA history.
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The terms of the deal aren't known at this time, but it's estimated to be a five year, $145 million dollar extension, according to reports from ESPN.
Davis, who was in Hong Kong at the time, signed the deal with the New Orleans Pelicans the minute he was allowed to, following the NBA's eight-day Moratorium period.
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The Pelicans also officially re-signed free agents Omer Asik (five years, $60 million), Alexis Ajinca (four years, $20.2M) and Dante Cunningham (three years, $9M); building a pretty good support staff for Davis.
Davis was selected by the Pelicans with the first pick in the 2012 draft, after playing one season with the Kentucky Wildcats in college where he proved himself to be one of the best prospects in an entire decade and there was no doubt he would be selected first overall.
Davis took to Twitter, posting a picture of him signing on the dotted line to stay in New Orleans for the significant future.
"Words cannot describe the excitement of the New Orleans Pelicans to have Anthony Davis as the cornerstone of our organization," Pelicans general manager Dell Demps said in a statement.
"Anthony is a great person, a phenomenal player and the ideal representative of his family, the Pelicans and the New Orleans community. We are thrilled to have Anthony commit to the Pelicans as we continue to build our team to have sustained success."
The 8th seed Pelicans exited the playoff stage early, losing in the first round to the number one seed Golden State Warriors; who then went on the win the NBA Finals.
After these high-profile, highly paid signings, it'll be interesting to see if the Pelicans can have better luck in the years to come.