Updated

The Indiana Pacers have exercised the team option on forward/guard Paul George for the 2013-14 season.

George, who will be entering his third season with the team, averaged 12.1 points, 5.6 rebounds and 2.4 assists in 66 games last season.

The Pacers also released center Luke Nevill and guards Sundiata Gaines and Blake Ahearn.