The Pacers have signed forward Danny Granger to a five-year contract extension worth between $60 million and $64 million dollars.

"I think it?s great for Danny and the Pacers," Granger?s agent, Mark Bartelstein said. "I think (president) Larry Bird and (general manager) David Morway and (owner) Herb Simon did a terrific job in being proactive here. There were a lot of long conversations with David, Larry, myself and my associate Aaron Mintz.

"You have a great emerging player. I think the Pacers are trying to rebuild the franchise and I think to let Danny get into restricted free agency when you never know what could happen, I think it was a terrific move on their part to get Danny locked up. It shows how much he means to them."

The extension will begin next season.