Anthony Davis will remain the franchise player for the New Orleans Pelicans going forward after it was announced that the two sides have verbally agreed on a 5-year extension worth $145 million.

NOLA, I am here to stay!  Just getting started… #6MoreYears #TakeFlight pic.twitter.com/Kni8WpikEA

— Anthony Davis (@AntDavis23) July 1, 2015

The news of Davis hit the internet as the 2015 free agency period for the NBA began.

Reports have also surfaced that Kawhi Leonard verbally agree on a 5-year contract worth $90 million to remain with the San Antonio Spurs, according to multiple reports. The Portland TrailBlazers and Al-Farouq Aminu also agreed to 4-year deal worth $30 million, according to reports as well.

While some deals are in the works for some free agents, others are still working through a packed schedule of meetings with various teams.

LaMarcus Aldridge has already met with the Los Angeles Lakers and also has meetings plans with the Dallas Mavericks and the Spurs among others.

The Lakers will also be busy reaching out to free agent DeAndre Jordan. Jordan meet with the Lakers and the New York Knicks on Wednesday while the Los Angeles Clippers will make their case to bring back the center on Thursday.

Jordan had a meeting with the Dallas Mavericks just minutes after free agency began.