The Utah Jazz and Keyonte George have agreed to a five-year, $157.5 million contract extension, a Jazz source confirmed to The Salt Lake Tribune.

The contract includes no team or player options, the source said. The deal lasts until the 2031-32 NBA season.

“Keyonte’s leadership, growth, and commitment to what we’re building make him an integral part of this franchise’s future,” Utah Jazz president of basketball operations Austin Ainge said in a press release. “His work ethic, ability to connect with teammates in the locker room and on the floor, and his love for this team and our fans have been incredible to watch.

“We’re thrilled he’s choosing to remain in Utah as a foundational piece as we continue chasing our ultimate goal: a championship.”

George, the No. 16 pick in the 2023 NBA Draft, is coming off a breakout season in which he averaged a career-high in points (23.6) and assists (6.1). He started all 54 games he played last season.

He was part of esteemed company last season, as George was one of only nine guards who averaged at least 23 points and six assists. The other eight players on the list? Devin Booker, Tyrese Maxey, James Harden, Jamal Murray, Cade Cunningham, Luka Doncic, Jalen Brunson and Shai Gilgeous-Alexander.

George made a massive offensive leap in his third season. Not only did his points increase by almost seven points, but he also improved his shooting efficiency significantly.

George’s true shooting percentage rose from 53.9% to 60.9% this past season. He did that despite upping his usage rate from 25.3 to 28.8. George’s overall finishing improved a lot at the rim, which played a pivotal role in his scoring efficiency jump.

According to Cleaning the Glass, George shot 72% at the rim last season, up from 61% in his second season. His improved finishing ranked in the 95th percentile in the league. He also shot 44% on mid-range shots, up from 39% in his second season.

A jump that was more impressive considering how uneven his sophomore campaign had been. George was replaced in the starting lineup midway through his second season by Isaiah Collier.

He took that back role and then some last season.

“We were very happy with the big jump Keyonte made,” Ainge said at the end of last season. “And I think that he even has more to go. I think there are more steps he can take. Obviously, no one peaks at 22, so we think he has even more to grow.”

With George locked in long-term, the Jazz will move forward with a core that includes Lauri Markkanen, Jaren Jackson Jr., recent draft picks Darryn Peterson and Ace Bailey, and other young pieces as they look to take a step toward contention this season.

“It’s been one hell of a ride,” George said in a video post directed to Jazz fans. “Y’all been with me since I was 19 years old, showing up to every game for the past three seasons. I mean, y’all haven’t switched up on us one bit, so I can’t be here without y’all.”