George's deal official?.....Updated

The Indiana Pacers are set to make a big announcement Wednesday at 11 a.m. ET.  The announcement is expected to be the official signing for F Paul George's 5 year contract extension which is reportedly valued at $90 million.

Update:  Indiana Pacers F Paul George has officially signed his contract extension.  Per team policy, no terms of the contract were revealed.

"I want to thank the Pacers for believing in me when they drafted me,” said George. “To continue my career with the Pacers was a very easy decision. We have great ownership, a great front office, great fans and I’m blessed with great coaches and great teammates. I use great a lot because that is what this franchise is and I’m hopeful we can be part of great things in the future.”

"Paul represents not only what our team and franchise is about, but what a professional athlete should be,” said President of Basketball Operations Larry Bird. “He strives every day to be the best he can be, as a player, as a teammate, as a person and as a representative of this franchise."