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Report: Pacers' Paul George to receive $7 million for All-NBA Team selection

Paul George will be a Pacer for the foreseeable future. (Jesse D. Garrabrant/Getty Images) Paul George's scoring average has increased in each of his four NBA seasons. (Jesse D. Garrabrant/Getty Images)

Indiana Pacers forward Paul George is set to receive a nearly $7 million bonus for making one for the three All-NBA teams announced Wednesday, reports Brian Windhorst of ESPN.com.

George made the third-team of the 15-player squad, which triggers a clause in his contract that will pay him the bonus. Last September, he signed a five-year, $90 million contract extension, which begins next season.

He is third player to receive what is known as the "Derrick Rose Rule," which is an escalator bonus that can be found in some max deals.

The clause stipulates that a player can receive a bonus worth up to 30 percent of the team's salary cap under the following circumstances: The player wins the NBA Most Valuable Player award, gets voted to start in two All-Star games or is named to two All-NBA teams. One of these triggers must occur before the max contract begins.

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George has made two All-Star teams and has been named to two All-NBA teams in his four-year career, also making the third team last season.

Los Angeles Clippers forward Blake Griffin is the only player besides Rose and George to receive the bonus. George, 24, averaged 21.7 points, 6.8 rebounds and 3.5 assists this season for the Pacers.

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