JULY 22ND: The Raptors have officially signed Augustin, the team announced today in a press release.
Ryan Wolstat of the Toronto Sun wrote today that he expected the Raptors to use the $2.15MM left on their mid-level exception rather than their $2.016MM biannual exception, but Augustin's deal would fit within either. Augustin will likely become the primary backup to point guard Kyle Lowry, since the team's deal with Julyan Stone appears to be off.
Augustin's name hasn't been mentioned frequently this month, as our rumors page on him doesn't show any entries since February, except for today's. The Pacers shopped him at the trade deadline, but couldn't find any takers for his expiring contract as he struggled through a disappointing season. The Thad Foucher client notched career lows in points (4.7) and assists (2.2) per game, as well as field goal percentage (35%). Perhaps in Toronto he'll be able to find the form he showed in 2010/11, when he started all 82 games for the Bobcats and put up 14.1 PPG and 6.1 APG against just 1.9 turnovers per contest.