The Indiana Pacers are expected to apply for the disabled player exception according to David Aldridge of NBA.com, which should come as no surprise with the team continuing to search for possible stopgaps following the expected season ending loss of Paul George this past Friday.
Aldridge breaks down the meat of the exception in his article:
This means that if granted exception, the team will be able to add a player towards their roster without it counting against the cap. Unfortunately for Indiana, while the $5.3 million will be available, the exception still counts towards the luxury tax which is a threshold Indiana has remained stalwart against passing through, leaving them with less than $2 million to make a move through free agency, though that number obviously changes in the event of a trade.
It's uncertain whether Indiana will find a use for the exception, but it makes perfect sense to at least have its availability available should a situation arise where Larry Bird and the Pacers would find it useful. Whether they find a use for it before the season or during the season, it will likely not include Shawn Marion, who appears to be nearing a decision with the Cleveland Cavaliers.
<blockquote class="twitter-tweet" lang="en"><p>Marion hasn't formalized agreement with Cavs yet, but Indiana's already looking elsewhere than Marion for free agent help, sources said.</p>— Adrian Wojnarowski (@WojYahooNBA) <a href="https://twitter.com/WojYahooNBA/statuses/497189847438610432">August 7, 2014</a></blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>