Davis was eligible to make up to 30 percent of the NBA’s salary cap, as stipulated by the "Derrick Rose Rule" in the NBA's collective bargaining agreement, if he was named an All-Star starter, won MVP or was selected to any of the three All-NBA teams.
But Davis, whose 2015-16 season was cut short after 61 games, earned just one first-place vote and 76 total voting points, which wasn’t enough to edge out third-team forwards Paul George (157 points) and LaMarcus Aldridge (103) or even Atlanta’s Paul Millsap (84).
As a result, the five-year maximum contract (which includes a player option after the fourth year) will be worth just over $124.2 million instead of $148.9 million.
Davis wasn’t shy about his desire to earn a salary bump when asked about it in May, but he also seemed carefree about the process, joking that he’d send voting media members thank-you notes if he were elected onto one of the teams.
"It's a contract. It's a contract. Twenty-four million dollars ... they give out that for [full] contracts," Davis said. "Can't control it. You just got to control what you can control, and that's what's on the floor."
Davis’ loss is, surprisingly, the Pelicans’ gain, as the money that would have gone to Davis goes back into their coffers. New Orleans will now have an estimated $4.3 million extra to spend this offseason -- for as much as approximately $22.4 million overall -- as it attempts to recover from a disappointing 30-52 season.