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Anthony Davis Agrees to 5-Year Max Extension with Pelicans, per Reports

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The New Orleans Pelicans wanted to get a new deal done with Anthony Davis as soon as possible, and that new extension was agreed upon immediately as free agency began:

The exact amount of Davis’s extension won’t be known until next year when the cap is officially set for 2016, so the $145 million is an estimate based on the current projections.¬†Davis will be eligible for the Derrick Rose Rule that allows for the big man to occupy 30 percent of the cap, which is projected to be close to $90 million in 2016.

The max deal will reportedly have an out after four years:

As one of the best players in the league, Davis will certainly be worth this new deal as long as he stays healthy. This is huge for the Pelicans to get this done right away, and now they won’t have to worry about losing him for years. A great way to tip off free agency.

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