CNNSI.com reports that after weeks of waiting, Baron Davis has finally signed a contract extension with the New Orleans Hornets. A team source told CNNSI?s Marty Burns that Davis has accepted the maximum extension and an announcement is scheduled for Wednesday afternoon.

Davis is set to make $3.9 million this coming season. The extension will take affect after this season and will last for 6 years and likely be over $80 million.

At one point, the former UCLA standout said he'd rather be traded to a place like Los Angeles, Chicago or New York than move with the team from Charlotte to New Orleans. But Bob Bass, Hornets vice president for basketball operations, has said he rejected all offers and did not intend to deal Davis under any circumstances.