Report: DeMarcus Cousins closing in on new contract

DeMarcus Cousins has moved closer to signing a new contract with the Sacramento Kings, according to reports.

The 23-year-old center is reportedly keen to extend his stay with the Kings, who selected him with the fifth pick of the 2010 Draft.

Cousins is hoping to agree a five-year deal which will be worth over £50m, according to ESPN.

An NBA rule means that the deadline for a possible extension to be agreed is October 31.

The Kings begin their season against the Denver Nuggets a day before the contract deadline.