The Indiana Pacers and forward Pascal Siakam have agreed to a four-year, $189.5 million maximum contract, league sources confirmed last week. Siakam, an unrestricted free agent, plans to ink the deal once the NBA’s free agency moratorium ends on July 6, per league sources.
The four-year deal does not include team or player options, a league source confirmed.
Why is this significant for the Pacers?
Two years ago, the Pacers hit rock bottom, losing 10 straight games to end the 2021-22 season en route to landing a single-digit draft pick for the first time since 1989.
Now, the Pacers are coming off their first Eastern Conference finals appearance in a decade thanks to the standout play of Tyrese Haliburton and Siakam.
Indiana’s All-NBA duo is under contract together for at least the next four seasons. Haliburton inked a five-year, max contract extension last summer.
Indiana’s remarkable turnaround from the basement of the NBA to the upper echelon of the league was orchestrated by team president Kevin Pritchard and general manager Chad Buchanan, whose seismic trades for Haliburton and Siakam have changed the trajectory of the franchise. The first move, in February 2022, pointed the team in a new direction. The latter move, in January 2024, lifted the team to new heights.
“I’m so grateful and happy that I came in a place where you just feel so supported and you feel like you’re needed, you feel like you matter,” Siakam said at the end of the season. “As a player that’s really all you can ask for. I’m blessed to be able to be here and to have the season that we had.”
Read more here.
GO FURTHER
Pacers, Pascal Siakam agree to 4-year, $189.5 million max contract: Sources
