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Pacers announce signing of Ty Lawson

The Pacers add a true point guard to the roster for the remainder of the season, hoping to bolster their backcourt attack for a playoff run.

Isaiah J. Downing-USA TODAY Sports

The Indiana Pacers announced the signing of point guard Ty Lawson on Monday, officially confirming reports from last week of the pending partnership between they recently-released guard and the team.

Lawson joins the Pacers after he was unable to fit in with the Houston Rockets who traded for the point guard in hopes of adding a floor general next to star James Harden. But with Harden controlling the action and more importantly the ball, Lawson's strengths were minimized and eventually the team waived him just prior to March 1.

That date is key because the Pacers plan on making the playoffs and Lawson will be eligible for post-season based on his release date. Here's what Larry Bird and Lawson had to say, via

"We're glad to have Ty come play with the Pacers for this final run of the season," said Pacers' President of Basketball Operations Larry Bird. "We think he brings added speed to our backcourt, he can get up and down the floor and he helps strengthen our second unit."

"This is a good opportunity for me to come here, try to help the Pacers win and get into the playoffs," said Lawson. "I'm just ready to play and do whatever is needed."

The Pacers waived Chase Budinger to free up room for Lawson. According to reports, once Budinger clears waivers he will sign with the Phoenix Suns.