The Indiana Pacers announced Wednesday they have signed veteran guard/forward Paul George to a multi-year contract extension.
The Pacers have not disclosed terms of the deal, but according to ESPN.com, George signed a five-year maximum extension through the 2018-19 season.
George is expected to be guaranteed about $80 million. If he makes an All-NBA team or wins an MVP award after this upcoming season his contract could increase to more than $90 million.
“I want to thank the Pacers for believing in me when they drafted me,” said George. “To continue my career with the Pacers was a very easy decision. We have great ownership, a great front office, great fans and I’m blessed with great coaches and great teammates. I use great a lot because that is what this franchise is and I’m hopeful we can be part of great things in the future.”
“Paul represents not only what our team and franchise is about, but what a professional athlete should be,” said President of Basketball Operations Larry Bird. “He strives every day to be the best he can be, as a player, as a teammate, as a person and as a representative of this franchise.”
George, 23, averaged 17.4 points, 7.6 rebounds, 4.1 assists and 1.8 steals per game, a season ago.