It's signing day.
With the NBA's moratorium lifting Friday morning, the Kings announced the first of their major signings of the free agency period. Starting center Richaun Holmes has put pen to paper on a new four-year contract with the Kings.
"This is a great day for Richaun and the entire Kings organization," general manager Monte McNair said via press release. "Richaun brings toughness, skill and versatility to the court. His energy is the perfect fit for our style of play and he represents the values of this organization. I’m excited to see what the future holds for him and this tremendously talented team we’re building."
The 27-year-old big man was a top priority for the Kings in free agency. While the Kings' have a policy of not revealing contract details, it appears that Holmes was retained using Early Bird rights, which is a contract in the neighborhood of four years, $47 million.
Holmes was one of the better two-way centers on the free-agent market. He averaged 14.2 points, 8.3 rebounds, 1.7 assists and 1.6 blocks in 29.2 minutes per game last season for the Kings. Holmes shot 63.6 percent from the field, which was second in the NBA behind Utah Jazz center Rudy Gobert.
"I am thankful to Vivek [Randivé] and Monte for this opportunity to continue my career in Sacramento," Holmes said in the press release. "I've played some of my best basketball in Sacramento but the best is yet to come. I look forward to continuing to push towards the playoffs and beyond."
With Holmes under contract, the Kings now can turn their attention to filling out the rest of their roster. Moe Harkless, Terence Davis and Alex Len all are expected to sign their free-agent contracts Friday and there is potential for the team to finish off a trade that sends Delon Wright to the Atlanta Hawks in a three-team trade that lands Tristan Thompson in Sacramento.