All-NBA forward Anthony Davis is finalizing a five-year, $190 million maximum contract to stay with the defending champion Los Angeles Lakers, Klutch Sports CEO and founder Rich Paul told ESPN. The deal includes an early termination option prior to the fifth year of the deal in 2024-25, Paul said.

Davis, a free agent, is expected to sign the contract as soon as Thursday. He considered several short- and long-term contract scenarios before accepting a full five-year, maximum offer, sources said.

Source: Adrian Wojnarowski of ESPN

ANALYSIS: This deal is the best-case scenario for the Lakers, who don't have to worry about the possibility of Davis leaving after just one or two seasons. The 27-year-old star gave Los Angeles a long-term commitment, just one day after LeBron James extended his max contract with the Lakers through the 2022-23 season (which will be his 20th NBA campaign).

According to ESPN's Bobby Marks, here's what Davis' deal will look like year-by-year:

2020-21: $32,742,000

2021-22: $35,361,360

2022-23: $37,980,720

2023-24: $40,600,080 

2024-25: $43,219,440 (with an early termination option)

Last season, Davis averaged 26.1 points, 9.3 rebounds, 3.2 assists, 2.3 blocks and 1.5 steals per game during the regular season. In the playoffs, he put up 27.7 points, 9.7 rebounds, 3.5 assists, 1.4 blocks and 1.2 steals (while shooting 57 percent from the field and 38 percent from three-point range).

Davis finished second in last year's Defensive Player of the Year voting, and it wouldn't be a surprise to see him win Most Valuable Player or Defensive Player of the Year at some point during the duration of this contract. 

After re-signing Davis and adding key contributors such as Dennis Schroder, Montrezl Harrell, Marc Gasol and Wes Matthews, the Lakers enter the 2020-21 season as the favorites to repeat as champions.