The Kings are locking up their franchise player.
The Athletic's Shams Charania reported Friday, citing sources, that De'Aaron Fox has agreed to a five-year max contract extension worth $163 million.
The deal includes a clause that could bring the total value of the contract to $195.6 million.
ESPN's Bobby Marks reported more specifics about the contract later Friday evening.
Fox is the face of the Kings' franchise and he will be running the show for the foreseeable future.
While the Kings haven't made the playoffs in 14 seasons, Fox has reiterated his desire to build a championship contender in Sacramento.
The No. 5 overall pick in the 2017 NBA Draft, Fox has steadily improved in each of his three seasons. This past season, he averaged 21.1 points, 6.8 assists and 3.8 rebounds in 32 minutes over 51 games.
When new Kings general manager Monte McNair was introduced by the team in September, he raved about Fox's ability.
“De’Aaron is an incredible young talent,” McNair told reporters on Sept. 23. “I’ve loved to see what he’s done and what he’s improved on over the years and he’s got a very bright future ahead of him.”
With Fox as the head of the Kings' snake, they want to play uptempo, and that's exactly what McNair envisions for the team that finished with a 31-41 record last season.
“This team showed some flashes last year,” McNair said at his introductory press conference. “I think De’Aaron is certainly a great young talent and I think his speed ability offensively to create really is going to be a huge catalyst for how coach Walton and I envision this team being up-tempo, creating the space to shoot threes and attack the rim.”
Fox's newest teammate, and possible protégé, Tyrese Haliburton was one of the first Kings players to congratulate the point guard on his new contract.
It's safe to assume Fox will be footing the bill for a lot of dinners in the future.