finance
Indiana Pacers Agree to Two-Year Deal With Free Agent Kelly Oubre
The Indiana Pacers reached an agreement with veteran forward Kelly Oubre on a two-year contract worth nearly $17 million. The deal contains no options and is fully guaranteed.
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The Indiana Pacers agreed to terms with free agent forward Kelly Oubre on a two-year contract worth nearly $17 million. The contract has no options and is fully guaranteed. Oubre previously played for the Philadelphia 76ers.
The first-year value of the deal falls between $8 million and $8.5 million. That amount exceeds the Taxpayer Mid-Level Exception, indicating the Pacers will use the Non-Taxpayer Mid-Level Exception. Use of the Non-Taxpayer Mid-Level Exception will hard cap the team at just over $209 million. The Pacers' current payroll stands at approximately $207 million.
General manager Chad Buchanan said last week that the team wanted to restore bench depth after recent playoff runs. Oubre averaged 14.1 points and 5.0 rebounds per game last season. The 6-foot-8 forward has averaged more than 14 points per game in every season since 2017-18.
He converts roughly 70 percent of shots at the rim. The Pacers now have 14 players under contract, 12 of them guaranteed. The team can still add one more free agent but may need to consider cost-cutting moves due to the hard cap.
