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Report: Myles Turner agrees to two-year, $60 million extension with Pacers

Indiana Pacers v Milwaukee Bucks

MILWAUKEE, WISCONSIN - JANUARY 16: Myles Turner #33 of the Indiana Pacers looks on against the Milwaukee Bucks in the second half at Fiserv Forum on January 16, 2023 in Milwaukee, Wisconsin. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Patrick McDermott/Getty Images)

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Take Myles Turner off the trade market.

After months of negotiations, the Pacers and Turner have agreed to a contract extension, reports Adrian Wojnarowski of ESPN.

This has since been confirmed by other sources.

Turner — back playing his natural center spot this season with Domantas Sabonis in Sacramento — is having the best season of his career, averaging 17.5 points, 7.9 rebounds and 2.4 blocks a game. He has been one of the keys to a surprisingly good Pacers team this season.

That $60 million contract extension number can be a little misleading. Turner was already making $18 million this season, but because the Pacers are $24.4 million under the salary cap, they can do a re-negotiation and extension with the big man, giving him a $17.1 million bump right now (to a total of $35.1 million for this season) and extend off of that for two years, the first at $20.2 million and the second at $19.9 million, according to Shams Charania.

Technically Turner can still be traded at the Feb. 9 deadline, but the Pacers have no intention of doing so (as this signing signals). There had been a lot of trade interest in Turner, going back to last summer, most prominently with the Los Angeles Lakers in a swap that would have sent Buddy Hield and Turner to the West Coast for Russell Westbrook and two first-round picks. That draft pick compensation kept the deal from getting done (the Pacers wanted two unprotected first-rounders).