Anthony Davis not named to 2016 All-NBA Team: loses $24 million over life of next contract

The league announced today the list of players who were selected for the 2016 All-NBA teams and Anthony Davis' name was glaringly absent from all three squads. He finished with 76 points (1 first place vote) to join James Harden, Paul Millsap and Al Horford as the top four players excluded from the prestigious award.

All-NBA teams: pic.twitter.com/w37Yfz4BCR

— Brett Dawson (@BDawsonWrites) May 26, 2016

This report should not come as a surprise. The writing has been on the wall for some time that Davis was likely to miss inclusion for several important reasons. One, his injuries significantly cut short yet another campaign (he missed 21 out of 82 games), and two, the New Orleans Pelicans suffered through a terribly disappointing season and finished towards the bottom of the NBA standings.

For most fans, the bigger chunk of news is that Davis has now officially failed to qualify for the "Rose Rule." In effect, he will make $120 million dollars over the span of his upcoming contract, not $144 million.

Anthony Davis not on an All-NBA team. The #Pelicans just saved cap room. Davis lost around $24 million over the length of his contract

— Scott Kushner (@ScottDKushner) May 26, 2016

This certainly qualifies as bad news for Anthony Davis' camp, but the silver lining is the New Orleans Pelicans will now have $24 million in extra cap space over the next five years, starting with an additional $4.3 million for next season.

One interesting item to note is that the 2012 Rookie of the Year, Damian Lillard, has once again upended Davis from their draft class.

Damian Lillard earns an extra $20-plus million in his contract thanks to his All-NBA Second Team nod today. But Anthony Davis misses out

— Marc Stein (@ESPNSteinLine) May 26, 2016

Stay tuned for the full cap space implications for the New Orleans Pelicans to be posted soon by our David Fisher.