Report: Pacers, Myles Turner agree to four-year, $80 million extension
Update: There’s the not unexpected wrinkle:
Pacers center Myles Turner has reached an agreement on a four-year, $72M contract extension that could rise to $80M with bonuses, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) October 15, 2018
The Pacers’ identification and development of young players stagnated in the Paul George era and might have contributed to his exit. Indiana’s kept first-round picks in the seven years between drafting and trading George: Miles Plumlee, Solomon Hill, Myles Turner, T.J. Leaf.
Turner is the lone hope to emerge as a secondary star, and though now it’d be next Victor Oladipo rather than George, the Pacers will pay Turner as such.
Shams Charania of The Athletic:
That’s a sizable deal, not just in terms of dollars but also opportunity cost. This will unnecessarily cut into Indiana’s cap space next summer.
Turner will begin the offseason counting against the cap at his 2019-20 salary, which based on the reported terms, will be between $17,857,143 and $22,727,273. If the Pacers didn’t extend him and let him become a restricted free agent, they could have held him at $10,230,852, used their other cap space first then exceeded the cap to re-sign him with Bird Rights.
So, why lock him up now? Indiana clearly believes his production will outpace his salary. This prevents another team from signing him to an even larger offer sheet next summer.
The 22-year-old Turner can live up to this deal. He’s a good 3-point shooter and shot-blocker. He must play with more force inside and either improve his foot speed or defensive recognition, ideally both. But he has plenty of tools for a modern center.
That said, if the extension is fully guaranteed, this is too much of a gamble on Turner for me. For sacrificing so much cap flexibility next summer, the Pacers should have gotten more of a discount. Of course, if this deal is heavy on incentives and short on guarantees, that could swing the analysis.