Myles Turner has agreed to a two-year, $58 million contract extension with the Indiana Pacers, according to The Athletic’s Shams Charania.

Myles Turner : Contract extension | Stats | Contract

Turner was selected by the Indiana Pacers with the 11th overall pick in the 2015 NBA draft.

Myles Turner : Contract extension | Stats | Contract

He missed 21 games between November 13 and December 28 of his rookie season after undergoing surgery to repair a fracture in his left thumb.

On January 22, 2016, he scored a then career-high 31 points in a 122–110 loss to the Golden State Warriors.

On March 3, he was named Eastern Conference Rookie of the Month for February after ranking third among East first-year players in scoring (13.4 ppg), rebounding (6.6 rpg) and minutes (29.8 mpg) during the month.

Myles Turner Contract extension 

The Pacers have signed center Myles Turner to a two-year, $60 million contract with $17.1 million added to his 2022-23 salary bringing it to approximately $35.1 million according to a report from The Athletic on Saturday afternoon. A league source confirmed to the IndyStar that an agreement was reached.

According to Shams Charania of The Athletic, Turner will be paid approximately $20.9 million in 2023-24 and $19.9 million in 2024-25, but the additional money he will make this year brings up the total average.

Myles Turner : Contract extension | Stats | Contract

Renegotiations such as the one the Pacers did with Turner are extremely rare but was possible because the Pacers were so far under the salary cap.

Turner has been the source of trade speculation as his four-year contract worth approximately $18 million per year was set to run out at the end of the season. This deal may not fully quell trade rumors.

He’s still eligible to be traded before the deadline on Feb. 9. However, it at least assures that if the Pacers don’t trade him, they cannot lose him for nothing at the end of this season.

The deal is team friendly for the Pacers because Turner won’t take up an exorbitant amount of cap space the next two seasons. If he is paid $20.9 million as reported in 2023-24, that would take up less than 16% of a salary cap projected to be at $134 million.

He will take up even less space of the cap in 2024-25 by which time the Pacers will be looking at an extension for Haliburton, who would be at the end of his four-year rookie deal.

Myles Turner stats

Prior to the start of the 2017–18 season, Turner was elected team captain.

In the Pacers’ season opener on October 18, 2017, Turner had 21 points and 14 rebounds in a 140–131 win over the Brooklyn Nets. He missed the next eight games due to a concussion.

Myles Turner : Contract extension | Stats | Contract

Year
Team    
GP
Min    
Pts    
FG%  
Reb 
Ast
2022
IND
42
30.0
17.5
54.4
7.9
1.4
2021
IND
42
29.4
12.9
50.9
7.1
1.0
2020
IND
47
31.0
12.6
47.7
6.5
1.0
2019
IND
62
29.5
12.1
45.7
6.6
1.2
2018
IND
74
28.6
13.3
48.7
7.2
1.6
2017
IND
65
28.2
12.7
47.9
6.4
1.3
2016
IND
81
31.4
14.5
51.1
7.3
1.3
2015
IND
60
22.8
10.3
49.8
5.5
0.7
Career
 
473
28.8
13.2
49.5
6.8
1.2

And on October 22, 2021, Turner recorded a career-high 40 points, along with five three-pointers, 10 rebounds, and three blocks in a 134–135 overtime loss to the Washington Wizards.

On November 4, Turner scored 25 points while recording a career-high seven 3-pointers and grabbing 13 rebounds in a 111–98 victory against the New York Knicks.

Then on January 28, 2022, he was ruled out for at least two weeks with a stress reaction in his left foot.

On February 10, he was shut down through the All-Star break then on February 23, Turner was ruled out for multiple more weeks and on March 28, he was ruled out for the remainder of the season.

He would have led the league in blocks had he played the necessary 58 games, and finished the season averaging 12.9 points, 7.1 rebounds, and 2.8 blocks per game in 42 games, while shooting 50.9 percent from the field and 33.3 percent from the three-point line.

Contract 

Myles Turner signed a 4 year / $80,000,000 contract with the Indiana Pacers, including $70,000,000 guaranteed, and an annual average salary of $20,000,000.

Myles Turner : Contract extension | Stats | Contract

Contract: 4 yr(s) / $80,000,000
Average Salary: $20,000,000
Guaranteed at Signing      $70,000,000
Signed Using: Rookie Extension/Bird  
Free Agent: 2023 / UFA

In 2022-23, Turner will earn a base salary of $34,596,500 and a incentive bonus of $500,000, while carrying a cap hit of $35,096,500 and a dead cap value of $34,596,500.

By Rishabh

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