Pascal Siakam, Pacers agree to four-year max contract
Pascal Siakam has agreed to sign a four-year contract worth $189.5 million to stay with the Indiana Pacers, mere months after getting traded there ahead of the 2024 NBA Trade Deadline, ESPN NBA insider Adrian Wojnarowski was first to report Wednesday.
The deal is expected to be finalized once the league’s free agency moratorium concludes on July 6, when all 2024 free agent signings can become official.
This new deal is the first player re-signing of the offseason. According to the new CBA, players can negotiate deals with their own team the day after the conclusion of the NBA Finals, which ended Monday evening.
Siakam was acquired from the Toronto Raptors in mid-January in exchange for Bruce Brown, Jordan Nwora and three first-round picks–two in 2024 and one in 2026. Though one of those picks (worst of OKC/LAC/HOU/UTA) was eventually re-routed to Utah for Kelly Olynyk.
The 6-foot-8 forward helped propel Indiana to their first Eastern Conference Finals appearance since 2013-14, despite being (competitively) swept by the now-champion Boston Celtics.
He averaged 21.3 points, 7.8 rebounds and 3.7 assists in 41 games with the Pacers, shooting 54.9 percent from the floor, 38.6 percent from 3-point range and 69.9 percent from the free-throw line. Siakam developed good synergy with star guard Tyrese Haliburton and fit seamlessly into Indiana’s frontcourt alongside Myles Turner.
His new deal is expected to start at $42.3 million in 2024-25, assuming the $141 million salary cap remains the same, according to Spotrac. Haliburton’s max extension (for the same amount) is also expected to kick in next fall, too.
The Pacers are expected to have $19.8 million in luxury tax space and roughly $30.7 million until the second apron. They have to figure out what they want to do with Jalen Smith‘s player option and T.J. McConnell‘s $9.3 million partially guaranteed deal, which becomes fully guaranteed after the NBA Draft.
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This is a breaking news story. Stay tuned for updates.
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