Pelicans' Davis not named All-NBA, loses $24 million

Posted May 26, 2016 7:00 am

The Associated Press

NEW ORLEANS (AP) - New Orleans Pelicans forward Anthony Davis is out about $24 million after not being named to the All-NBA first, second or third team.

Now his five-year extension is worth $121 million instead of $145 million.

A provision in the NBA collective bargaining agreement called the "Rose rule" allows players signing maximum money extensions to their rookie contracts to receive additional pay if they've met certain criteria by the end of their fourth season. To qualify, they either must have been named Most Valuable Player once, named to an All-NBA team twice or voted an All-Star starter twice.

Davis, who averaged 24.3 points, 10.3 rebounds and two blocks this season, hasn't been named MVP or voted an All-Star starter, so he needed a second-career All-NBA selection this season.

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