Indianapolis police say 43-year-old Michael Lewis of Whitestown was arrested Wednesday on burglary and theft charges for the April 28 break-in during which George's platinum All-Star ring valued at $15,000 was taken.
Police say detectives believe the burglary was random act and that Lewis didn't specifically target George's home, which is on the city's northeast side.
The burglary was discovered by George's parents when they returned from a Pacers playoff game. Other items reported stolen included a $700 watch. Police say none have the stolen items have been found.
Lewis was jailed Wednesday morning. It wasn't immediately clear whether he had an attorney.