Paul George wants to retire with the Los Angeles Clippers, and he took a step in that direction by signing a multiyear contract extension Thursday that guarantees him $226 million over the next five years.
ESPN was the first to report George's $190 million extension on Thursday. He was already guaranteed $35.4 million for the 2020-21 season and had a player option.
Instead of allowing the six-time All-Star to become a free agent next summer, the Clippers locked down his services, ensuring George will remain not far from where he grew up in Palmdale.
Paul George wants to retire with the Los Angeles Clippers, and he took a step in that direction by signing a multiyear contract extension that guarantees him $226 million through 2025-26
'I want to retire a Clipper,' George said last week. 'This is where my heart is and I'm happy.'
He averaged 21.5 points, 5.7 rebounds, 3.9 assists and shot a career-high 41 percent from three-point range in his first season with the Clippers. It ended it disappointment, however, with the team blowing a 3-1 lead against Denver and losing in the second round of the playoffs.
The early exit, George said, only served to motivate him for the season that begins December 22, when he and Kawhi Leonard will be playing for new coach Tyronn Lue. The team should turn their focus now to re-signing Leonard, who could become a free agent next summer.
George's acquisition from Oklahoma City in July 2019 paved the way for Leonard to join the team as a free agent, giving the Clippers a pair of star players to build around in pursuit of the franchise's first NBA championship.
'This is an important moment for our franchise and our fans, to secure a long-term commitment from one of the premier two-way players in the NBA,' said Lawrence Frank, the team's president of basketball operations.
Next the team will likely turn its attention to re-signing Leonard, who could become a free agent after the upcoming season.
George thanked owner Steve Ballmer, Frank, Lue and his teammates for believing in him.
'As a kid growing up in Southern California, I always dreamed of playing in Los Angeles, where my friends and family could come watch me play,' he said. 'I am proud to call this my home and look forward to doing my part in helping make the team a tremendous success - both on and off the court - in the years ahead.'
Next the Clippers will likely turn its attention to re-signing Kawhi Leonard
