Updated

The Sacramento Kings and center DeMarcus Cousins have reportedly reached an agreement on a four-year contract extension.

The contract takes effect for the 2014-15 season and is worth approximately $64 million, according to the Sacramento Bee.

Cousins, 23, averaged 17.1 points, 9.9 rebounds, 2.7 assists and 1.4 steals in 75 games for the Kings last season, his third with the team.

He was the fifth overall pick in the 2010 draft after going one-and-done at Kentucky. In 220 career NBA games, Cousins has averaged 16.3 points, 9.8 rebounds, 2.3 assists and 1.3 steals.

One of the league's most volatile players, Cousins has received multiple suspensions from the NBA and the Kings for his behavior.

The deadline for first-round draft picks from 2010 to agree to contract extensions is Oct. 31.