11:06am: The Pacers have officially signed Sykes and waived Wanamaker, according to a press release from the team.
Most of the deals being completed around the NBA right now are 10-day hardship contracts, but it doesn’t appear that’ll be the case here, since the Pacers don’t have any players in the health and safety protocols and will be waiving a player from their 15-man roster in order to sign Sykes.
Wanamaker, 32, has appeared in 22 games for Indiana this season, averaging 3.5 PPG and 2.2 APG with a .361/.235/.909 shooting line in 13.3 minutes per contest. His minimum-salary contract isn’t fully guaranteed for 2021/22, so by releasing him before next month’s league-wide guarantee date, the Pacers would only have to pay him $715,538, as Bobby Marks of ESPN tweets.
An undrafted free agent out of Green Bay in 2015, Sykes has spent most of the last several years playing in international leagues. He has played for teams in Korea, Turkey, Italy, China, and Greece, and is coming off a one-year stint with the South East Melbourne Phoenix in Australia’s National Basketball League.
Sykes, who hit the game-winning three-point shot for Boeheim’s Army in this summer’s The Basketball Tournament, signed an Exhibit 10 deal with Indiana and then joined the Pacers’ G League team, the Fort Wayne Mad Ants. He has averaged 16.5 PPG and 7.5 APG on .409/.351/.741 shooting in 13 G League games (34.3 MPG) this season.
It’s unclear whether or not Sykes will get a rest-of-season guarantee. If he doesn’t, the Pacers would have until January 7 to decide whether or not to lock in his full-season salary.