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Pacers, Tinsley Officially Part Ways

The saga is officially over.

The Indiana Pacers and troubled point guard Jamaal Tinsley have parted ways, according to a short press release on the team's Web site. The Pacers have waived Tinsley, who will become an unrestricted free agent if he clears waivers after seven days.

The release of Tinsley opens up one roster spot on Indiana's roster. Bruno notes that after today's resigning of Josh McRoberts, the Pacers now have 11 players on contract for next season. The official press release, however, leaves out the details of the deal, and it notes they will not be disclosed. The Pacers also made it clear that the organization will have no further comment.

The release comes a week before an arbitration hearing between the Pacers and Tinsley was set to begin. Team president Larry Bird said:

"This ends a very difficult period for all parties involved. We are pleased to have this resolved."

Tinsley was banned from the team prior to the 2008-09 season as the Pacers emptied his locker and sent his belongings to his home in Atlanta. Tinsley, who is 31 years old, was set to make $7.2 million this season.

Hopefully, more details about the deal will surface in the coming weeks. Although the Pacers say nothing will be disclosed, I would think that someone with knowledge of the situation would come forward and let the details slip out. It'll also be interesting to see what teams go after Tinsley. He could be a great pickup for a good team looking at a point guard for bargain pricing.