Indiana Pacers Make It Official: Tyrese Halliburton Agrees to Four‑Year Extension After Major Raise
The Indiana Pacers have officially locked in their floor general — Tyrese Haliburton — on a substantial new four‑year extension, CBS Sports confirms.
The deal, part of a $260 million max‑extension originally signed in July 2023, has been restructured to guarantee Haliburton a significant pay bump and deeper team commitment. The new structure amends the final four seasons, boosting his annual salary from roughly $40.9 million under the original deal to an estimated $45 million per year through 2028–29, CBS reports.
Haliburton, 25, has steadily cemented his status as the franchise cornerstone. Named an All‑NBA Third Team guard twice (2024, 2025) and earning two All‑Star selections, he averaged over 20 points, 10 assists, and shot 40% from three during the 2022–23 campaign . His value skyrocketed further in the 2024–25 season, leading Indiana to its first NBA Finals in 25 years, hitting clutch game‑winners and recording historic playoff milestones (e.g., most 20‑point/10‑assist games without a turnover) .
From a franchise perspective, the move sends a message: the Pacers are doubling down on their young core, providing financial and developmental continuity around Halliburton, alongside Bennedict Mathurin, Pascal Siakam, and others. Observers note the team’s front office is intent on keeping Halliburton as their “face of the franchise” deep into the next decade .
League‑wide, the extension ranks among the most lucrative in recent NBA history, reflective of Halliburton’s ascendant trajectory and premium positional value. He’s projected to enter the NBA’s top‑25 highest‑paid cohort as annual averages climb above $45 million .
Pacers head coach Rick Carlisle praised Haliburton’s on‑court impact and off‑court leadership. “He’s grown into exactly who we envisioned — a franchise‑defining guard,” Carlisle stated. With this new deal, Halliburton is set to lead Indiana’s charge through 2029 and beyond.