Danny Granger won't have to test the free agent market next summer.

The Pacers and Granger agreed this evening to a five-year extension between $60 million and $64 million. Granger’s extension will start next season.

“I think it’s great for Danny and the Pacers,” Granger’s agent, Mark Bartelstein said. “I think (president) Larry Bird and (general manager) David Morway and (owner) Herb Simon did a terrific job in being proactive here. There were a lot of long conversations with David, Larry, myself and my associate Aaron Mintz.

“You have a great emerging player. I think the Pacers are trying to rebuild the franchise and I think to let Danny get into restricted free agency when you never know what could happen, I think it was a terrific move on their part to get Danny locked up. It shows how much he means to them.”

If an extension was not reached today, Granger would have become a restricted free agent at the end of the year, meaning the Pacers would have been able to match any offer he received from another team.

Granger, now in his fourth season in the NBA, was the Pacers leading scorer last year at 19.6 points per game. He also averaged 6.1 rebounds, 2.1 assists and shot 40 percent from 3-point range.

Granger scored 33 points in the Pacers’ 100-94 season-opening loss at Detroit on Wednesday.

The Pacers play their home opener at 7 p.m. Saturday in Conseco Fieldhouse against defending NBA champion Boston Celtics.