The Pacers have officially re-signed Sam Young, the team announced today in a press release. Indiana had waived Young earlier in January after he sprained his ankle and before his contract could become guaranteed for the season.
Mike Wells of the Indianapolis Star reported (via Twitter) that the Pacers were expected to re-add Young to the roster to replace Dominic McGuire, whose second 10-day contract has expired. While Young takes McGuire's place as the team's 15th man, it's not clear whether the 27-year-old is back on a 10-day contract or rest-of-season deal.
Young was averaging 3.6 PPG and 2.9 RPG in 16.0 minutes per game earlier this season with the Pacers, before he went down with the ankle injury. Presumably, since the team is comfortable re-signing him at this point, Young's ankle has healed and he'll be available immediately.