Paul George's year-end bonus should help ease the pain from his Pacers' loss to the Miami Heat in the Eastern Conference Finals.
According to ESPN's Brian Windhorst, the 24-year-old Pacers star will get a $7 million salary boost thanks to a provision in his contract that rewards him for his second consecutive All-NBA third team selection, an honor which he earned this week.
George is the third player to benefit from the contract provision, which has become known as the "Derrick Rose Rule." Installed as part of the 2011 collective bargaining agreement, this rule rewards a player who wins MVP, gets voted to start in two All-Star games or is named to two All-NBA teams before his maximum contract kicks in. Rose, who won the NBA's MVP award in 2011, was the first player to benefit from this provision.
Blake Griffin, who has been named to the All-NBA second team each of the past three years, is the second.
Last summer George signed a five-year extension that could be worth upwards of $90 million, depending on how the league sets its salary cap. The contract kicks in at the start of the 2014-15 season. George, selected by the Pacers with the 10th overall pick of the 2010 NBA draft, had a $3.2 million salary in 2014 during the last year of his rookie contract.
An All-Star starter for the first time in 2014, George averaged 21.7 points, 6.8 rebounds and 3.5 assists this season. He led the Pacers to the best record in the Eastern Conference and their second consecutive conference finals appearance.