FRIDAY, 10:22am: The signing is official, the team announced.
11:02am: The Pacers have reached an agreement to sign Chris Singleton, reports David Pick of Eurobasket.com (Twitter link). Marc J. Spears of Yahoo! Sports wrote several weeks ago of Indiana’s apparent interest in the 24-year-old combo forward, more recently following up with a dispatch indicating that Singleton would be working out in front of NBA team officials. The terms aren’t immediately clear, and while the Pacers have a $5.305MM disabled player exception from Paul George‘s injury to hand out, they can only spend about $2MM without going over the tax line, which they’ve long maintained they won’t do.
Spears identified the Heat as another team eyeing Singleton last month when he reported Indiana’s interest, though it seemed as though Miami had moved on to other targets. The 18th overall pick from 2011 fell out of favor rather quickly in Washington, and the Wizards declined their fourth-year option on him before last season, setting him up for unrestricted free agency this summer. It appeared about a month ago that Washington abandoned its pursuit of re-signing Singleton, though he had turned down an offer from overseas to continue his search for an NBA job. He also changed agents, going from Bill Duffy of BDA Sports to Todd Ramasar of Stealth Sports, as J. Michael of CSNWashington reported last month.
Indiana has been fairly active on the market in seeking a replacement for George, reportedly coming to terms on camp deals with small forwards C.J. Fair and Adonis Thomas, though Singleton appears to be the team’s most significant addition toward that end. The Pacers had been carrying 17 players, though only 13 are on fully guaranteed deals, so it appears Singleton has a decent shot to make the opening-night roster.