Indiana Pacers: Paul George To Announce Contract Extension Wednesday

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A few days ago, it was made public that the Indiana Pacers and forward Paul George were closing in on a five-year contract extension that could payout over $90 million to George. According to a source close to the negotiations, the deal will be officially announced in a press conference Wednesday at 11 a.m at Bankers Life Fieldhouse.

George is eligible to receive around $80-$90 million, according to the league’s collective bargaining agreement, and could receive more than $90 million if he is to be named to one of the league’s three All-NBA teams at the end of next season. If not, he would make about $80 million.

George took over the Pacers last season, as Danny Granger was out with injury, and did a mighty fine job, to say the least. He averaged 17.4 points, 7.6 rebounds, and 4.1 assists per game, was named the league’s Most Improved Player, and was named an All-Star for the first time in his three year career.

George led Indiana to the Eastern Conference Finals where they took on the rival Miami Heat, only to fall short of the Finals by one game. George certainly made his name known to anyone who didn’t already know it in that series after draining a deep three to send it to overtime in Game 1, and also pounding one over Chris “Birdman” Andersen, which got all fans on their feet.

This contract may cause Indiana some financial problems down the road, as they will have two players under max-contract with George and center Roy Hibbert, but it is important to lock up George, nonetheless. After it’s all said and done, George undoubtedly deserves this massive extension, and will continue to improve as his career goes on.

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