Domantas Sabonis has agreed to a four-year, $77 million guaranteed extension with the Pacers, his agent, Greg Lawrence, told ESPN.
The deal could be worth $85 million with bonuses, according to Lawrence. That includes incentives of $1.3 million per year for being named either an All-Star or to the All-NBA team, league sources told ESPN's Tim Bontemps.
"I'm very excited to remain with the Pacers, this is where I wanted to be," Sabonis said in a statement Monday. "I appreciate the organization showing their confidence in me; and I'm ready to be part of what's going to be a great year for our team."
Sabonis, 23, is part of the NBA's 2016 draft class, which was eligible to sign rookie extension deals prior to a 6 p.m. ET Monday deadline. He originally was selected 11th overall by the Magic, then was traded to the Thunder on a draft-night deal, and then was sent to the Pacers as part of the Paul George blockbuster in 2017.
Myles Turner signed a similar four-year deal before last season -- meaning the Pacers are locked into this frontcourt for the foreseeable future.
"We love the toughness that Domantas brings to our team, and we can't wait to see him play in his expanded role this year," Pacers president of basketball operations Kevin Pritchard said in a statement. "He's had so much growth in his career; and we're excited for what that means for his future, as well as the future of our team."
Sabonis is coming off his best NBA season, averaging 14.1 points and 9.3 rebounds for Indiana in 2018-19. He shot 59% from the field, which ranked seventh in the league.