Tyrese Haliburton signs five-year max extension with Pacers
Indiana Pacers guard Tyrese Haliburton has signed a five-year designated rookie max extension that could be worth up to $260 million, ESPN’s Adrian Wojnarowski reported Friday evening.
BREAKING: All-Star G Tyrese Haliburton and the Indiana Pacers are agreed on a five-year, designated maximum contract extension that could be worth up to $260 million, his agents Dave Spahn and Aaron Mintz of @CAASports tell ESPN. Haliburton is fully the franchise cornerstone now. pic.twitter.com/je59CkPNOj
— Adrian Wojnarowski (@wojespn) July 1, 2023
The five-year deal could reach $260 million based on the Rose Rule and how much the cap raises the following season (it cannot raise more than 10 percent of the $136.021M cap this season).
A standard five-year rookie max begins at 25 percent of the 2024-25 salary cap, but the Rose Rule could elevate it up to 30 percent if he makes the All-NBA team, wins defensive player of the year or earns MVP. If not, he will be subject to the 25 percent max for the duration of his contract.
Last season, Haliburton, in his first full season in Indiana, averaged 20.7 points, 3.7 rebounds, 10.4 assists and 1.6 steals per game, shooting 49.0 percent from the floor, 40.0 percent from 3-point range and 87.1 percent from the free-throw line.
The 23-year-old was acquired in a 2022 trade deadline shocker between the Sacramento Kings and Pacers that sent Domantas Sabonis to the Kings. In already a year-and-a-half, it’s quite safe to say Haliburton’s had made a perfect impression on his new squad.
The Pacers were active Friday, trading Chris Duarte for draft compensation and signing Bruce Brown to a two-year deal worth $45 million. Will the Pacers, who have cap space (without any available roster spots) continue improving? Let us know what you think in the comments below!
This is a breaking news story. Stay tuned for updates.
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