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Pacers, Domantas Sabonis Reportedly Agree To Major Contract Extension

A general view of the Indiana Pacers arena.

INDIANAPOLIS, IN - MAY 28: A general interior view of the arena during pregame festivities between the Indiana Pacers and the Miami Heat during Game Four of the Eastern Conference Finals of the 2013 NBA Playoffs at Bankers Life Fieldhouse on May 28, 2013 in Indianapolis, Indiana. (Photo by Chris Chambers/Getty Images)

The Indiana Pacers have come to terms on a lucrative four-year extension with young big man Domantas Sabonis, according to multiple reports.

The news signifies a change from earlier reports that Sabonis and the Pacers were "far apart" on a potential extension. There were plenty of whispers that the versatile 23-year-old was actually on the trading block.

In the end, Sabonis will make well over $70 million guaranteed in this new deal, with the potential to reportedly earn as much as $85 million if he hits certain benchmarks.

Sabonis, a former star at Gonzaga, was drafted by the Orlando Magic in 2016. He was traded to the Oklahoma City Thunder on draft night, along with Ersan Ilyasova and Victor Oladipo.

Along with Oladipo, Sabonis was sent to Indiana in July 2017 as part of the Paul George trade. In two seasons with the Pacers, he has established himself as part of the team's intriguing young core.

Last season, Sabonis set career highs in scoring (14.1 ppg), rebounding (9.3 rpg) and assists (2.9 apg). He predominantly came off the bench, starting just five games for the Pacers while appearing in 74.

Indiana finished 48-34 but was swept by the Boston Celtics in the first round of the NBA Playoffs.