Per the terms of his contract, opting in will allow Young to earn a $13.7 million salary in the 2018-19 season.
"Thanks for all the love @Pacers fans and family," Young tweeted. "Everyone keeps saying welcome back. I never left. I'm here. I promise to continue to give 110% for my brothers & family in blue & gold each day as I have done the past 2 years."
Young, who turned 30 a week ago, considered hitting free agency this summer, according to ESPN's Adrian Wojnarowski. Instead, the 11-year veteran decided to continue in his leadership role with the Pacers, in an offseason that could bring plenty of change.
Indiana could have as much as $20 million in salary cap space this summer.
Young averaged 11.8 points, 6.3 rebounds and 1.7 steals per game last season, his second with the Pacers. Originally a first-round pick (No. 12 overall) by Philadelphia in 2007, Young spent his first seven years with the 76ers (2007-14). He has also played for the Minnesota Timberwolves (2014-15) and Brooklyn Nets (2015-16).
In his 11 NBA seasons, Young owns career averages of 13.4 points and 5.9 rebounds.
--Field Level Media