Paul George will get a huge bonus

The happiest member of the just-announced All-NBA teams is likely Paul George, who had a large clause in his contract triggered by being named to the third team on Wednesday.

As part of the contract that George signed with the Indiana Pacers last summer, making the All-NBA team activates a bonus of nearly $7 million in that deal, according to sources.

George becomes the third player since 2011 to hit what has become known as the "Rose Provision," which is an escalator bonus in some maximum contracts.

This is due to an element in the collective bargaining agreement installed three years ago. It allows for a player on a maximum contract to get a significant raise if he wins MVP, gets voted to start in two All-Star games or is named to two All-NBA teams before the max contract kicks in. George's new contract begins this summer.

This is George's second All-NBA selection. Though he struggled in the season's second half, he benefited from receiving All-NBA votes at both guard and forward.

Bulls guard Derrick Rose was the first player to qualify for this level, having won the MVP in 2011. Blake Griffin was the second to qualify. He was an All-Star starter as well as a two-time member of the All-NBA team.