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Report: Pacers, George to announce extension

Indianapolis, IN (Sports Network) - The Indiana Pacers have reportedly signed All-Star forward Paul George to a new long-term contract.

The deal will be announced during a press conference on Wednesday, according to the Indianapolis Star.

George, 23, could make as much as $90 million on a five-year deal under the collective bargaining agreement.

He averaged 17.4 points, 7.6 rebounds and 4.1 assists in 79 games last season and was named the NBA's Most Improved Player.

09/24 19:42:56 ET