Shooting guard Buddy Hield has agreed to a four-year, $94 million contract extension with the Kings, according to ESPN's Adrian Wojnarowski.
The extension also includes bonuses that could reach up to $106 million, reports Wojnarowski.
Hield and the Kings had been engaged in ongoing contract extension talks ahead of Monday's deadline for rookie-scale extensions. He was eligible for a four-year deal worth up to $130.7 million.
Yahoo Sports' Chris Haynes reported last week that Sacramento offered Hield a four-year deal worth $90 million but he and his agent were seeking a deal in the $110 million range.
Hield has been open about not accepting a max contract to try and attract other key players to Sacramento.
"My job is to go out there and kill every night so I can be that max player," he told reporters last week. "And I feel like, especially a market like this, Sacramento, you guys have been covering basketball all your life. Name one big free agent that came to Sacramento."
Hield averaged 20.7 points, 5.0 rebounds and 2.5 assists per game in 2018-19. It was his best season since entering the NBA in 2016.