The IndyStar has learned that free agent CJ Miles has agreed to a multi-year contract with the #Pacers. More details to come.— Candace Buckner (@CandaceDBuckner) July 2, 2014
Miles spent last season in Cleveland where he averaged 9.86 points and shot 39.3 percent from beyond the three-point arc. He only played in 51 games, starting 31 of them. He sustained an ankle injury on February 19 that essentially ended his season.
Miles would look to bolster the Indiana bench, or potentially become a starter if Lance Stephenson doesn’t re-sign with Indiana.
According to Adrian Wojnarowski, Miles’ contract is for $18 million over four years. And according to Zach Lowe, the Pacers will pay Damjan Rudez $1.1 million, which would leave Indiana around $5 million from the luxury tax.
Luis Scola is still an option to be released, which could save Indiana $2 million more for pursuing Stephenson.