The Pacers have completed a deal to bring back veteran guard Lance Stephenson, ESPN’s Chris Haynes reports.
The contract is reportedly for three years and $12 million, with the first two years guaranteed.
Talks were originally reported by Adrian Wojnarowski of The Vertical on Wednesday afternoon.
Stephenson, a member of the Pacers’ Eastern Conference Finalist teams of 2013 and 2014, but left the team to accept a lucrative contract with the Charlotte Hornets. He has been on five teams since leaving Indiana, including stints with Minnesota and New Orleans this season.
Indiana also waived oft-injured guard Rodney Stuckey on Wednesday afternoon, after learning that his recently-strained left patella would likely end his season. The team had until April 10 to cut Stuckey to avoid paying his $7 million option for next season.
The Pacers are currently 37-37 and in seventh place in the Eastern Conference standings with eight games remaining. The team is in Memphis this evening, finishing the second half of a back-to-back one night after suffering a devastating home loss to the Minnesota Timberwolves.
Austin Miller is the Indiana Pacers beat reporter for the Indiana Sports Report and student at Butler University and is recognized as an accredited member of the media and has full media access. Follow @MillerTimeXII and the @IndySportsRep on Twitter for Pacers coverage all season long.
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