The Indiana Pacers announced Friday that Danny Granger has signed a contract extension with the team. The Indianapolis Star reported that the extension is for five years and between $60 and $64 million, and that it will start next season.

“I’m very happy we were able to get an extension done,” said Granger. “I’d like to thank the Simons, Larry Bird, David Morway, Jim O’Brien, the assistant coaches, my teammates and the entire Pacers’ organization. I’m very excited about the direction our team is going and I’m glad that I can have a part in the future of this franchise. I think we can have something very special here.”

The 6-9 Granger, the Pacers’ first-round draft pick (17th overall) in the 2005 NBA Draft, has averaged 13.7 points per game in his three seasons. Last year, he registered career-best averages in points (19.6), rebounds (6.1), steals (1.1) and 3-point field goal percentage (.404).”

“Danny is a very good player and a great young man on and off the court,” said Bird, the Pacers’ President of Basketball. “He is a very important part of our future. Danny always keeps himself in top condition during the season and the off-season while always working to improve his game. He’s a player we feel very confident with going forward.”