The deal includes $86 million in guaranteed money, eight million in exceedingly reachable bonuses and another $12 million in incentives that could elevate the deal to $106 million over the term of the deal, league sources said.
Agent Brandon Rosenthal of Landmark Sports and Kings general manager Vlade Divac finalized details on the rookie-scale extension late into Sunday night in Sacramento, just hours ahead of the 6 p.m. ET Monday deadline for players from the draft class of 2016 to complete a deal.
This deal allows the Kings and Hield to avoid restricted free agency next summer.
Hield has been at that forefront of a Kings’ revival that started with him as the centerpiece of a DeMarcus Cousins trade to New Orleans in 2016. No player in NBA history has converted on more 3-pointers (275) in his first three seasons than Hield.
Hield has been a favorite of owner Vivek Ranadive, who was driving force in wanting to acquire Hield in his rookie year with the New Orleans Pelicans. Hield is coming off his best NBA season — 20.7 points, five rebounds, 3.5 assists. He also shot 43 percent on 3-pointers.
Hield compromises a backcourt with De’Aaron Fox that’s considered one of the NBA’s elite. Sacramento has a young core that includes the guards, No. 2 overall pick Marvin Bagley Jr. and Bogdan Bogdanovic.
Hield was the sixth overall pick in the 2016 NBA draft out of Oklahoma.