The Indiana Pacers announced Wednesday they have signed veteran guard/forward Paul George to a multi-year contract extension.

The 6-7, 225-pound George is considered one of the rising stars in the NBA. Last season, his third in the NBA, George averaged 17.4 points, 7.6 rebounds, 4.1 assists and 1.8 steals per game. He made his first All-Star appearance as a reserve for the East in the NBA All-Star Game, was named the NBA’s Most Improved Player while also being named to the All-NBA third team and the All-Defensive second team. George was the Pacers’ No. 1 draft pick (10th overall) in the 2010 draft.

"I want to thank the Pacers for believing in me when they drafted me,” George said in a statement. “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,” President of Basketball Operations Larry Bird said. “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."