New Orleans Pelicans star Anthony Davis has made history after he signed the richest contract in league history.

Davis put pen to paper on the deal on Thursday, although the Pelicans did not disclose the terms of the deal.

"Words cannot describe the excitement of the New Orleans Pelicans to have Anthony Davis as the cornerstone of our organisation," Pelicans general manager Dell Demps said in a statement.

"We are thrilled to have Anthony commit to the Pelicans as we continue to build our team to have sustained success."

Davis averaged 24.4 points, 10.2 rebounds and 2.94 blocks per game last season.