JULY 11TH: The Pacers formally announced the signing via press release, making it official.
“We’re very glad to have C.J. and he really wanted to be here,” president of basketball operations Larry Bird said. “He brings versatility to the small forward and shooting guard positions. He’s a great shooter and scorer. We think he’ll fit nicely with the culture of our team.”
JULY 2ND: The Pacers have reached agreement with C.J. Miles on a multiyear deal, reports Candace Buckner of the Indianapolis Star (Twitter link). It’s a four-year, $18MM pact, according to Adrian Wojnarowski of Yahoo! Sports (on Twitter). Wojnarowski wrote earlier that the Pacers envisioned using part of their $5.03MM non-taxpayer’s mid-level exception on Miles after committing a portion of it to Spanish league sharpshooter Damjan Rudez.
The Adrian Clark client and Pacers officials had been set to meet Tuesday as Indiana’s interest became clear. The Pacers moved quickly on the former Cavalier, and have been the league’s most active team in free agency so far, coming to terms with Rudez as well as the undrafted Shayne Whittington. The movement comes after news of an impasse between the club and Lance Stephenson, and money for Stephenson beneath the tax line for Indiana is quickly drying up. The team also reportedly has interest in Rodney Stuckey.
Miles, 27, averaged 9.9 points and 39.3% three-point shooting in 19.3 minutes per game for Cleveland this past season, starting 34 contests. The deal with Indiana is the most lucrative of his nine-year NBA career, as he topped out at $3.7MM annually with the Jazz, according to Basketball-Reference.
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