Sep 30, 2008 11:08 AM EST

Multiple league sources have confirmed to Tim Kawakami that leading up to the Baron Davis opt-out deadline, Davis and Warriors' chief Chris Mullin reached a tentative agreement, in which Davis would “opt-in” on his $17.8M for this season, then land a three-year, $39M extension ($13M per).

All money included would have paid Davis $56.8M over four seasons through the 2011-12 season.

But for the offer to become official, it had to be approved by Team President Robert Rowell, and he reportedly vetoed it.

Via Mercury News