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Report: Paul George, Pacers finalizing five-year max contract

Sep 22, 2013, 10:48 PM EST

Paul George

Of the 15 players who made the All-NBA first, second or third team last season, Paul George was the youngest.

On a related note, the 23-year-old is also arguably the most raw star in the league. Even though he just won Most Improved Player, George can become a a more-polished ball-handler and take his game to an even higher level.

That’s what the Pacers, whom George already led within a game of the NBA Finals, are apparently banking on.

Adrian Wojnarowski and Marc J. Spears of Yahoo Sports:

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 joins Derrick Rose, James Harden, Blake Griffin and Russell Westbrook as the only players to receive the “designated” player tag. The distinction, created in the new Collective Bargaining Agreement, allows teams to give one player a five-year extension rather than a four-year extension.Because George made the All-NBA third team last season, he could be eligible for even more money than otherwise allowable. Most players with six or fewer seasons of experience can make only up to 25 percent of the salary cap. But George, if he makes another All-NBA team (first, second or third), would be eligible to receive up to 30 percent of the salary cap. Because the extension will be signed before the season’s award votes are tallied, George and the Pacers will agree to stipulations based for both scenarios.

No matter how the final details shake out, George will earn a lot of money, and Indiana is happy to pay him. It had been clear a deal was coming, both sides committed to each other.

The Heat are aging, and as LeBron James, Dwyane Wade and Chris Bosh show their wear and tear (or leave in free agency), the East becomes more wide open. The Pacers are in the mix, but George was integral to that.

With George to be locked up, Indiana ensures it will contend next season and maybe even play favorite down the road if George improves as hoped. If he doesn’t, it’s still possible this is a decent deal for the Pacers. He’s that good.

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