Indiana Pacers center Myles Turner has agreed to a two-year, $60 million contract extension that includes an additional $17.1M renegotiation on his 2022-2023 salary, his agent Austin Brown of CAA Sports told ESPN on Saturday.
The deal will include a $17.1 million renegotiation bump — the largest in NBA history — on Turner’s $18 million salary this season, with an additional $41 million over the next two seasons that ties Turner to the Pacers through the 2024-25 season.
The Pacers are allowed to increase the money on his current deal because of the franchise’s available salary cap space.
Turner’s extension eliminates one of the top possible centers from the summer free agent market — and ends the speculation of a trade deadline deal involving him.
After an expectation in the offseason that Turner would be traded in the final year of his contract, the Pacers’ trajectory changed with the emergence of starry young guards Tyrese Haliburton and Ben Mathurin. The Pacers changed course on a rebuild and decided to extend Turner and continue towards improving the roster in the trade market.
Turner is averaging a career-high 17.5 points, 7.9 rebounds and 2.4 blocks a game — including career highs in field goal percentage (54.4%) and 3-point field goal percentage (39.1%), according to ESPN Stats and Information.
Turner is one of three players with at least 50 3-pointers and 75 blocks this season — along with Memphis’ Jaren Jackson Jr., and Milwaukee’s Brook Lopez, according to ESPN Stats and Info. Turner has four 30-point games this season — something he had done only four times in his entire career for 2022-2023.
Turner joins LA Clippers forward Robert Covington as the only player to have his contract renegotiated under the league’s current Collective Bargaining Agreement.
ESPN NBA Front Office Insider Bobby Marks contributed to this report.