The Sacramento Kings believe DeMarcus Cousins can avoid his past mistakes and be the foundation of the franchise under new owner Vivek Ranadive.
The Kings and Cousins reached an agreement on a contract extension late Thursday night, a person familiar with the deal said. The person spoke to The Associated Press on condition of anonymity because they were not authorized to speak publicly.
The Sacramento Bee reported the extension is a four-year, $62 million deal that will carry Cousins through the 2018-19 season. Cousins was eligible for an extension up to five years and $80 million.
The Kings had until Oct. 31 to come to terms on an extension to prevent Cousins from becoming a restricted free agent next summer.
Cousins averaged 17.1 points, 9.9 rebounds and 2.7 assists last season. The 23-year-old center, drafted fifth overall in 2010 after one season at Kentucky, has been one of the NBA's best young big men but also one who has drawn multiple suspensions from the NBA and the Kings for his behavior.
The new regime has insisted Cousins could flourish under new leadership.
Ranadive has praised Cousins since he bought the Kings from the Maloof family in May. New coach Mike Malone and general manager Pete D'Alessandro each called Cousins an "incredible talent" when they were hired this summer, too.