2:31pm: The Suns have also confirmed that the trade is official, via their website.
2:06pm: The Pacers have announced the trade in a press release.
"I’m very, very excited to play for the Pacers," Scola said, as part of the Pacers statement. "They are one of the top three teams in the NBA with a good shot to win a championship. I think it’s a great team and this is a great opportunity. I can’t wait."
1:39pm: The Pacers and Suns have reached an agreement on a trade that sends Luis Scola to Indiana, tweets USA Today's Sam Amick. Paul Coro notes that the framework of the deal, reported earlier by Amick and Adrian Wojnarowski of Yahoo! Sports, will send Gerald Green, Miles Plumlee and Indiana's lottery-protected 2014 first-round draft pick to Phoenix in exchange for Scola (Twitter link).
The move strengthens the Pacers as they attempt to overcome the Heat, who've knocked them out of the playoffs the past two seasons. Scola will be of particular help on the offensive end, where he's a career 14.2 points-per-game scorer, and he'll improve a second-unit that lagged far behind Indiana's starting lineup last season. The Suns claimed him off amnesty waivers from the Rockets last summer, and the inexpensive bid helped faciliate the deal with Indiana. Scola will make more than $4.5MM this year, with a non-guaranteed $4.868MM in 2014/15.
Suns GM Ryan McDonough reunites with Green, whom the Celtics drafted 18th overall in 2005, when McDonough was beginning to work his way up Boston's front office chain of command. Green will make $3.5MM this year and next as part of a three-year contract he signed with the Pacers last summer, before he wound up buried on coach Frank Vogel's bench. Plumlee, the 26th overall pick in 2012, was even farther down the Pacers depth chart, appearing in more D-League games (15) than NBA contests (14) last season.
The jewel of the deal for Phoenix appears to be the pick, which will almost certainly be at the back end of the first round. Still, the Suns are in line for three first-rounders in next year's talent-rich draft, including their own, as SB Nation's Paul Flannery points out (Twitter link). Sending the 33-year-old Scola out will allow the team to develop more of its young talent, and perhaps shave a few wins from its total, giving the team a better chance at the top overall pick.