Done Deal: Pascal Siakam Inks 4-Year, $189.5M Extension With Indiana Pacers in Massive Statement Signing
Indianapolis, IN – July 10, 2025
In a bold and defining move for the future of the franchise, the Indiana Pacers have officially signed All-Star forward Pascal Siakam to a 4-year, $189.5 million contract extension, solidifying their commitment to contention in the Eastern Conference.
The blockbuster deal includes a $62.35 million signing bonus, $153 million guaranteed, and carries an average annual salary of $47.375 million—although team-friendly structuring reportedly spreads the cap hit evenly, with Siakam earning $14.56 million annually in base pay, allowing flexibility for further roster moves.
The contract, which keeps Siakam in Indiana through the 2028–2029 season, is not only the largest in franchise history but also among the richest ever handed to a forward in the modern NBA.
Pacers President of Basketball Operations Chad Buchanan spoke at a press conference inside Gainbridge Fieldhouse, flanked by Siakam and head coach Rick Carlisle.
> “Pascal represents everything we want this franchise to stand for—leadership, resilience, and the drive to win,” Buchanan said. “This extension sends a message: Indiana is no longer a rebuilding team—we’re building a champion.”
A Proven Star
Since arriving in Indiana via trade from the Toronto Raptors during the 2023–24 season, Siakam has transformed the Pacers into a legitimate playoff threat. Last season, he averaged 23.6 points, 7.8 rebounds, and 4.9 assists per game, helping lead the team to the Eastern Conference Semifinals—their deepest playoff run in over a decade.
Siakam’s elite mid-range game, ability to defend multiple positions, and veteran presence have made him the cornerstone of a young, high-octane squad alongside Tyrese Haliburton and Bennedict Mathurin.
“I wanted to be part of something that’s building, not just maintaining,” Siakam said at the press event. “I believe in this city, this team, and this vision. We’re not just here to compete. We’re here to win.”
Off-Court Commitment
The deal goes beyond basketball. Sources close to the organization revealed that Siakam plans to invest a portion of his signing bonus into Indianapolis-based youth outreach and education initiatives, including the creation of the “Siakam Skills Lab”, a year-round training and mentorship center for underprivileged athletes.
“This is my home now,” Siakam said. “And home means giving back.”
League-Wide Reaction
The move sent waves across the NBA landscape. Analysts noted the rare combination of fiscal commitment and team-first structuring of the deal. ESPN’s Adrian Wojnarowski described it as “a financial masterstroke that balances All-Star talent with long-term roster flexibility.”
The Pacers are now seen as dark horse title contenders, with a balanced blend of experience and emerging talent. Vegas odds on Indiana’s 2025–26 title chances jumped from +2800 to +1200 within hours of the announcement.
As cameras flashed and fans gathered outside the arena chanting “P-Skills! P-Skills!,” one thing became clear—Pascal Siakam isn’t just playing for Indiana.
He’s leading it.
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