Jeff Teague, who was traded by the Atlanta Hawks to hometown franchise Indiana Pacers this summer, is likely to agree to terms on a contract extension before approaching free agency next summer.
Teague is entering the last year of the 4-year, $32 million contract he signed with the Hawks in 2013. He was acquired by Indiana as part of a three-team deal which also included the Utah Jazz.
In June, The Vertical’s Adrian Wojnarowski reported that there is mutual interest between Teague and Pacers to work towards a contract extension which should keep the point guard in Indiana for many years to come.
Indiana has plans to work on signing Teague to a contract extension, league sources tell @TheVertical.
— Adrian Wojnarowski (@WojVerticalNBA) June 22, 2016
Jeff Teague committed to Indiana
According to Steve Kyler of Basketball Insiders, while Teague is eligible for a contract renogiation, the Pacers could want to wait until next summer since franchise player Paul George will also be eligible to re-construct his deal on September 25.
“The Pacers are sitting on about $6 million in cap space – enough to get George to the current NBA max, but not enough to also sign Teague to a new deal,” noted Kyler.
However, if George is unwilling to take a new deal right now, the Pacers could be inclined towards securing Teague as a longterm option at point guard, especially since president Larry Bird is fond of his game.
Kyler also speculated that if Teague has an all-star caliber year this season, the Indiana native could be a highly-sought after free agent next year. “The Pacers could put an end to all of this with a new deal for Teague, but to get there they’d need to make a trade. At this point, the Pacers do not seem overly concerned about making one.”
Teague, himself, has reiterated that he wishes to stay in Indiana for many years to come. “I always wanted to play for the Pacers. To have an opportunity like this is big for me. I’m trying to make the most of this year and, hopefully, be here a long time.
“I would love to spend the rest of my career here. This is the best basketball city. I’ve been a Pacers fan for years and now my dream has come true,” the former all-star told Indy Star after being traded by Atlanta.
Jeff Teague averaged 15.7 points and 5.9 assists for the Hawks last season.