The up-and-coming Indiana Pacers have retained a core member for next season and beyond, as ESPN reported Wednesday the team has agreed to a four-year, $189.5 million maximum extension with forward Pascal Siakam.

Siakam, a major contributor to Indiana's surprise run to this year's Eastern Conference finals, will officially sign the new deal when the NBA's moratorium on free agents expires on July 6.

The Pacers acquired Siakam on Jan. 17 in a blockbuster trade with the Toronto Raptors in which Indiana gave up three players, including valued guard Bruce Brown, and three first-round picks. The two-time All-Star proved to be an excellent fit, as he averaged 21.3 points, 7.8 rebounds and 3.7 assists in 41 games following the trade and shot 38.6 per cent from 3-point range.

Siakam then averaged 21.6 points, 7.5 rebounds and 3.8 assists in 17 play-off games to help the sixth-seeded Pacers eliminate two higher-ranked teams, the Milwaukee Bucks and New York Knicks, and advance to the conference finals for the first time since 2014. 

The 30-year native of Cameroon was also an integral part of the Raptors' 2018-19 NBA championship team and was named the league's Most Improved Player that season.

Siakam has averaged at least 21 points and seven rebounds per game in five consecutive seasons and has received All-NBA honours twice during that period.

In 551 regular-season games over eight NBA seasons, Siakam has averaged 17.7 points, 6.6 rebounds and 3.6 assists. He entered the league as a first-round pick (27th overall) of the Raptors in 2016.

With Siakam's new deal now agreed to, the Pacers will have their top five scorers from last season currently under contract. Indiana re-signed All-Star point guard Tyrese Haliburton to a five-year, $260 million max contract last summer and reached a two-year extension with standout center Myles Turner in January 2023.