May 24, 2012; Indianapolis, IN, USA; Indiana Pacers guard George Hill (1) drives to the basket against Miami Heat guard Dwyane Wade (3) during game six of the Eastern Conference semifinals of the 2012 NBA playoffs at Bankers Life Fieldhouse. Miam defeated Indiana 105-93. Mandatory Credit: Brian Spurlock-US PRESSWIRE

George Hill Signs 5-Year Contract To Stay With Indiana Pacers

George Hill will stay with the Indiana Pacers, signing a five-year deal, according to a report.

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George Hill's Contract With Pacers Is Worth $40 Million, According To Report

George Hill's new contract with the Indiana Pacers is a five-year deal that will pay him $40 million over the course of the contract, according to HoopsWorld's Alex Kennedy. Hill, a restricted free agent, agreed to terms with the Pacers on July 2.

Hill, who was acquired by the Pacers in a 2011 draft-day trade with the San Antonio Spurs, emerged as the team's starting point guard late in the season. On the year, he averaged 9.6 points and 2.9 assists per game, but he fared much better in the postseason, upping his scoring average to 13.5 points per game. He is expected to once again share the point-guard position with Darren Collison next season.

The Pacers now must decide whether to match a four-year, $58 million offer sheet for center Roy Hibbert. If they do, they probably won't be very active in free agency beyond that.

For more on the Pacers, head over to the SB Nation blog Indy Cornrows.

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