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The Indiana Pacers and coach Nate McMillan have officially agreed to a multi-year contract extension, the team announced Monday on its website.
McMillan, 54, is entering his third year as head coach of the Pacers and has compiled a 90-74 record with the organization so far. The surprising Pacers went 48-34 and finished fifth in the Eastern Conference last season, losing to the Cleveland Cavaliers in the first round of the playoffs in seven games.
“I’m really proud of what Nate and our coaching staff have done,” Pacers president of basketball operations Kevin Pritchard said. “Nate is very deserving of this extension. We have a wonderful culture and he has been a big part of implementing that culture. He’s dedicated leader, a very good coach and we’re lucky to have him here with the Pacers.”
ESPN reported McMillan would receive the extension back on August 1. He signed a three-year contract with the Pacers in 2016 and had one guaranteed year left. His new extension will take him through the 2020-21 season.
McMillan, a former NBA point guard, has also coached the Seattle SuperSonics and Portland Trail Blazers. He replaced Frank Vogel as coach of the Pacers in 2016 and has an overall coaching record of 568-526 in the regular season and 17-28 in the postseason.
The Pacers lost to the Cavs in four games in the first round in 2016-17.