Anthony Davis and the Los Angeles Lakers have agreed to a three-year, $186 million extension through 2028.

Davis had two years and $84 million remaining on his contract.

Davis' deal is the richest annual contract extension in NBA history, averaging $62 million a season.

"Couldn't think more highly of Anthony Davis as a Laker and as a player," Rob Pelinka said recently "He's helped deliver a championship to our franchise. He's been an incredible captain and leader."