Indiana Pacers All-Star forward Paul George will announce his contract extension with the franchise during a news conference at 11 a.m. Wednesday at Bankers Life Fieldhouse according to a source familiar with negotiations.
George will be eligible to sign a five-year contract that will pay him approximately $80 million to $90 million according to the NBA's new collective bargaining agreement. If he's named into one of the league's three All-NBA teams at the conclusion of this season he would be eligible for more than $90 million. If not he'll be expected to make $80 million.
George had a breakthrough season last year averaging career-highs of 17.4 points, 7.6 rebounds and 4.1 assists. During the playoffs he averaged 19.2 points while leading the Pacers to the Eastern ConferenceFinals, one victory shy from making an NBA Finalsappearance.
George seemed to always have intentions to return to the Pacers, as apparent to his comments earlier in the offseason.
"I'm happy to be in Indiana," George said. "I'm happy to be where I am. If I was going to leave Indiana and come to the Lakers, it just wouldn't be a smartmove for me. We got a great thing going right now.
"It's something that I would love, obviously," George said. "I would love to have something done going into the season just to take my mind off that and really get to practicing and focusing on getting better this summer. It would be ideal if I could get it done going into training camp."
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