The Los Angeles Lakers and eight-time All-Star forward Anthony Davis have agreed to a three-year contract extension worth $186million, multiple media outlets reported Friday.

Davis, 30, has two seasons remaining on his original five-year, $190million deal and is now signed though the 2027-28 season.

After helping the Lakers win the 2020 NBA Finals, Davis has been considered a franchise cornerstone, but there had been some questions about his long-term future in Los Angeles with LeBron James entering the final season of his contract.

Last season, Davis averaged 25.9 points, 12.5 rebounds and 2.6 assists while shooting a career-best 56.3 per cent from the field.

BREAKING: Lakers star Anthony Davis has agreed on a three-year $186M max extension, tying him to franchise thru 2028 for total of $270M-plus, @KlutchSports CEO Rich Paul tells ESPN. Davis lands richest annual extension in NBA history at $62M. pic.twitter.com/bf9kWgD7uz

— Adrian Wojnarowski (@wojespn) August 4, 2023

The No. 1 overall pick in the 2012 draft, Davis remains one of the NBA’s premier players when healthy but has struggled to stay on the court recently, missing 104 games over the last three seasons.

After the Lakers' run to the Western Conference finals last season and a promising offseason, expectations are high in Los Angeles despite durability concerns plaguing Davis and James.

"We are trending in the right direction," Davis said at the end of last season. "Obviously, the goal is to win championships, and we wanted to be not just knocking on the door but actually get it done, walk through the door. So that's our goal. That's our goal every time we step on the floor for training camp, and I'm 100 per cent sure that will be the goal next year."

During 11 NBA seasons, Davis has averaged 24 points, 10.4 rebounds and 2.4 assists, along with 2.31 blocks and 1.34 steals.

In 55 career playoff games, Davis has averaged 25.9 points, 11.4 rebounds and 2.7 assists while shooting 53.3 per cent from the field.