The Indiana Pacers exercised the fourth-year options of Jarace Walker (and Ben Sheppard), signaling that they still view him as a potential long-term contributor amid his up-and-down start as an NBA player.
With this decision, Walker is now under contract through the 2027-28 NBA season. It's still going to be a while before the Pacers need to make a definitive decision on the Houston alum, but in the meantime, it has become clear that they still want to keep him around for the foreseeable future.
Regardless, this decision was likely not much of a difficult one for Indiana, but it is still telling that it doesn't want to risk losing him for nothing in the near future.