George averaged 17.4 points, 7.6 rebounds, 4.1 assists and 1.8 steals a game for the Pacers last season, his third in the National Basketball Association. He won the NBA’s Most Improved Player Award, was selected as an All-Star for the first time and helped Indiana reach the conference finals.
The Pacers didn’t disclose terms of George’s contract in a news release. ESPN reported this week that the two sides completed a five-year extension at the NBA’s maximum, giving George, 23, about $80 million in guaranteed money. The value of the contract would increase to more than $90 million if he makes an All-NBA team or wins a Most Valuable Player award after the 2013-14 season, ESPN reported.
“I want to thank the Pacers for believing in me when they drafted me,” said George, who was the NBA’s 10th pick in 2010 out of Fresno State. “To continue my career with the Pacers was a very easy decision.”
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