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NBA Free Agency: Anthony Davis agrees to max contract extension with New Orleans Pelicans

Anthony Davis has agreed to a five year extension that could be worth over $140 million with the New Orleans Pelicans. The contract details, mentioned by Marc Stein in his summer scoop, are subject to the 2016-17 salary cap. While this extension is signed now it will not take effect until after the television money comes flooding in to push the cap, and therefore the maximum Davis is eligible to earn, skyward.

As it stands currently, this extension is for 25% of the cap, similar to Kyrie Irving's extension agreed to last summer.