The Indiana Pacers and forward Pascal Siakam have come to a verbal agreement on a new contract
INDIANAPOLIS — The Indiana Pacers and star forward Pascal Siakam have agreed to terms on a four-year, $189.5 million deal, a league source told. There are no options in the deal — it is a straight four-year agreement, the league source added.The contract agreement comes five months after the Pacers made a trade to acquire Siakam with the knowledge that he would be a free agent in the offseason.
Pacers head coach Rick Carlisle called re-signing Siakam priority number one for the blue and gold in the offseason. He stressed the importance of retaining the star forward after his terrific play during both the regular season and playoffs. General manager Chad Buchanan shared that opinion. A max contract for Siakam currently projects to be for five years and $245.3 million, though the exact dollar amount will depend on where the salary cap lands. The four-year contract that the Pacers and Siakam agreed to is one season fewer than the most it could have been. The total value of the current deal can't be known officially until July.
Under the NBA's new Collective Bargaining Agreement, teams are permitted to negotiate new contracts with their own free agents one day after the NBA Finals is over. With the Boston Celtics winning the title on Monday, the Pacers and Siakam were free to officially work on a new deal, and they found common ground. Indiana could similarly come to an agreement with Obi Toppin, Doug McDermott, or James Johnson prior to June 30 — which is when free agency typically starts.
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