BREAKING NEWS: Indiana Pacers Manager Chad Buchanan Signs Landmark $95 Million Contract Extension
In a bold and unprecedented move, the Indiana Pacers have officially agreed to a staggering $95 million contract extension with General Manager Chad Buchanan, solidifying his leadership role with the franchise for the foreseeable future.
Sources close to the organization confirmed early Friday morning that Buchanan has signed a 7-year extension valued at $95 million, marking one of the largest front-office deals in NBA history. The contract, which includes performance incentives and long-term strategic bonuses, reflects the Pacers’ deep trust in Buchanan’s vision and leadership.
Since taking over as GM in 2017, Buchanan has been credited with transforming the Pacers into a dynamic, youth-driven squad, anchored by rising stars such as Tyrese Haliburton and Jarace Walker. Under his management, the team reached the Eastern Conference Finals in 2024, reviving hopes for a championship run in the near future.
“We believe in the foundation Chad has built,” said Pacers owner Herb Simon in an official statement. “This extension is not just a reward for past success, but a clear commitment to our future.”
Buchanan, known for his strategic drafting and shrewd trades, said he is “honored and excited” to continue leading the Pacers organization.
“There’s still work to do,” Buchanan stated. “This franchise, this city, and these fans deserve a title—and we’re going to do everything possible to bring one home.”
With this new deal in place, all eyes now turn to the Pacers’ upcoming season as they aim to build on last year’s momentum and make a serious championship push.
