11:09am: The Pacers officially announced the signing in a press release, confirming that it's a 10-day deal.
11:04am: Dominic McGuire will join his third team of the season, according to Darren Wolfson of 1500 ESPN Twin Cities, who tweets that McGuire signed a deal with the Pacers today. I would guess it's a 10-day contract for the forward, who was released by the Hornets on Friday.
The Pacers waived Sam Young yesterday, so the team won't need to make another move to clear a roster spot for McGuire. At the time of Young's release, Mike Wells of the Indianapolis Star mentioned McGuire as a player Indiana could be targeting.
McGuire, who began the season with the Raptors, posted nearly identical numbers in nine games for the Hornets (2.1 PPG, 3.1 RPG, 16.1 MPG) as he did in 15 games with Toronto (2.1 PPG, 3.2 RPG, 15.3 MPG). The 27-year-old has also played for the Wizards, Kings, Bobcats, and Warriors during his six-year NBA career.