The New Orleans Pelicans aren't letting Anthony Davis test free agency next summer.
The two sides have agreed to a monster five-year, $145 million deal according to multiple national reports.
Yahoo Sports and ESPN were the first to report news of the deal.
Yahoo Sources: Anthony Davis, New Orleans agree to $145 million deal. http://t.co/kuzhR0lkcX— Adrian Wojnarowski (@WojYahooNBA) July 1, 2015
Davis posted a photo to Twitter shortly after 9 p.m. PST with the caption: "NOLA, I am here to stay! Just getting started… #6MoreYears #TakeFlight"
Davis' extension will kick in prior to the 2016-17 season.
In his third season with the Pelicans, Davis averaged 24.4 points, 10.2 rebounds and 2.9 blocks per game, and finished fifth in MVP voting behind winner Stephen Curry, James Harden, LeBron James and Russell Westbrook.
Alvin Gentry, who serves as Steve Kerr's associate head coach this past season, was hired by New Orleans to be their new head coach.