Paul George Signs $90M 5-Year Contract Extension With Pacers [Update: Not Finalized]

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One superstar that we can stop wondering about where he'll end up in the summer of 2014 is Paul George.  We had word that he would have a deal in place before the start of the season, and now the Indiana Pacers have signed him to a max contract extension.  

Indy has locked up George for five years at 90 million dollars, which is a substantial pay raise as he is only making $3.2 million this season as part of his existing contract.  

 

All-Star forward Paul George and the Indiana Pacers are finalizing a five-year, $90 million-plus maximum contract extension, league sources told Yahoo Sports.

A deal is expected to be signed this week, league sources told Yahoo.

For the Pacers and George, who was voted the 2013 NBA Most Improved Player, the five-year deal will cement the gifted young forward as Indiana's designated franchise player. George's extension will begin with the 2014-15 season. He will make $3.2 million this season.

The Pacers will be hard pressed to get out of the top-heavy Eastern Conference, but they have now locked up their franchise swing plus David West, and Roy Hibbert so expect the Pacers to be contenders for the foreseeable future

[Via]

[UPDATE: The Deal Has Not Been Finalized]

Apparently the two sides are close on a number but are still negotiating the exact amount, and Pacers President Larry Bird says the deal is not finalized.  

 

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