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all star guard Tyrese Halliburton and the Indiana Pacers have agreed to a five-year contract extension worth up to $260 million, his agents Dave Spahn and Aaron Mintz of CAA Sports said Friday night. told ESPN’s Adrian Wojnarowski.
The deal is the largest in Pacers history and the second in franchise history to surpass $100 million.
Halliburton was one of the home run contenders in the 2020 NBA Draft, averaging 16.2 points and eight assists per game, shooting 48% from the field and shooting 41% from 3 in his first four seasons.
He was Indiana’s first All-Star last season, becoming the first player in NBA history to average 20 points, 10 assists and a 40% 3-point shooting percentage, according to ESPN Stats & Information. (20.7 points, 10.4 assists, 40.0% 3-point success rate).
With Halliburton on the court, the Pacers have an offensive rating of 118.8 this season, which would be among the top five offenses in the league.
That’s why his contract extension is key for Indiana, which has begun rebuilding its roster in recent years with Halliburton as one of the pillars of the franchise.
After being drafted 12th overall by the Sacramento Kings, Halliburton was traded to Indiana in February 2022 in a deal centered on big man Domantas Sabonis. It’s a successful move for both teams, considering the Kings are coming out of a 16-year playoff drought in 2023 and the Pacers have acquired a young point guard who could be the foundation of their teams for years to come.
ESPN’s Jamal Collier contributed to this report.