The Charlotte Hornets and Michael Kidd-Gilchrist are finalizing a four-year, $52 million contract extension.

The agreement is expected to be finalized this week.

Kidd-Gilchrist was the No. 2 overall pick in the draft out of Kentucky.

Kidd-Gilchrist averaged 10.9 points and 7.6 rebounds for Charlotte last season, his third in the league.