By Jason Jones and Ailene Voisin
The Kings have reached an agreement on a contract extension with center DeMarcus Cousins for four years worth approximately $62 million.
The most Cousins was eligible for under the collective bargaining agreement was five years and $80 million.
The contract takes effect for the 2014-15 season.
The deadline for first-round draft picks from 2010 to agree to contract extensions is Oct. 31. If the Kings had not reached an agreement, they could not sign Cousins until an agreement until after this season.
Cousins joins Washington guard John Wall and Indiana swingman Paul George as members of the Class of 2010 to sign maximum extensions.
Cousins was the fifth overall pick in 2010 after one season at the University of Kentucky. He led the Kings in scoring and rebounding last season, but also had run-ins with coaches, teammates and even television commentators that led to questions about his maturity and worthiness of max deal.
But new Kings ownership said immediately Cousins was the cornerstone of the franchise. Chairman Vivek Ranadive's first call after closing the deal for the Kings was to Cousins.
Cousins averaged 17.1 points and 9.9 rebounds last season.