1:08pm: Watson appears to be headed for a two-year deal with the Pacers, tweets Kennedy, adding that it will likely be for more than the veteran's minimum.
12:29pm: Unrestricted free agent point guard C.J. Watson is closing in on an agreement with the Pacers, reports Alex Kennedy of HoopsWorld (via Twitter). Watson hit the open market today after turning down a minimum-salary player option to return to the Nets.
The Pacers are in the market for a point guard to play behind George Hill, with backup D.J. Augustin and third-stringer Ben Hansbrough having hit free agency. After paying $3.5MM to Augustin last season, the Pacers could probably land Watson for less money, considering he's coming off a minimum-salary deal and was solid, but unspectacular backing up Deron Williams in Brooklyn.
Watson, 29, averaged 6.8 PPG with 2.0 APG and a 13.9 PER in 80 contests for the Nets in 2012/13.