The Indiana Pacers will not buy out T.J. McConnell’s $3.5 million contract for $1 million, a league source with direct knowledge of the situation tells IndyStar, though they’ve yet to make their intentions official. The league had to reset guarantee dates after COVID-19 interrupted the offseason but has not announced when it would be.
When McConnell was signed to a two-year deal last summer, the Pacers put in a $1 million buyout option on the backup point guard that they could exercise before the draft (which is now Nov. 18). McConnell would become a free agent and the Pacers would save $2.5 million while opening a roster spot.
Pacers: OFFICIAL: We have signed free agent guard T.J. McConnell to a contract. McConnell averaged 6.4 points, 2.3 rebounds and 3.4 assists per game while shooting 52.5 percent from the field over 76 games for the 76ers last season.
Scott Agness: Also, with the Pacers guaranteeing Alize Johnson’s contract for next season, they now have 11 players under contract and two more needing to sign: T.J. McConnell and Edmond Sumner. Two (of 15) roster spots open.
Mark Montieth: Kevin Pritchard told me today he is "in deep negotiations" with TJ McConnell and is hopeful of reaching a contract agreement within the next few days.
Michael Scotto: TJ McConnell’s two-year, $7 million deal with the Indiana Pacers is guaranteed for $1 million in Year 2, a league source told @The Athletic. The agreement was first reported by ESPN.
Adrian Wojnarowski: Free agent TJ McConnell has agreed to deal with Pacers, league source tells ESPN.
John Gambadoro: Suns not shopping the 6th pick for a veteran point guard as per reports. A few names to keep an eye on in free agency are Cory Joseph, Pat Bev, Darren Collison, TJ McConnell. Look if Suns can come away with a true Power Forward, a starting caliber point guard, a backup big who can shoot and a young point guard to develop (draft) they will be on the right path. There is not unlimited money to spend here!
The 76ers expect to see how the season plays out before deciding whether to retain reserve point guard T.J. McConnell, a league source says. The Woj Pod mentioned that the Sixers had some "conversations" about signing McConnell to an extension. The podcast did not suggest that those talks have been serious.
There will be a market for the fourth-year veteran. Teams have already approached the Sixers about acquiring him in a trade. The Phoenix Suns did that in recent weeks, according to several sources. The Suns offered a second-round pick, and the Sixers declined.
September 21, 2021 | 6:41 pm EDT Update
September 21, 2021 | 5:44 pm EDT Update
Cody Taylor: The Magic announced that they have signed Admiral Schofield ahead of the start of training camp, which begins on Sept. 28.
Oleh Kosel: On latest Lowe Post podcast, Bobby Marks says he heard Josh Hart’s contract took so long to get signed because Pelicans were in holding pattern due to potential penalties from Lonzo Ball trade. “Did we need to use him maybe in a sign-&-trade to recoup maybe a 1st round pick?”
Sean Cunningham: Davion Mitchell says he feels like a rookie because he’s still learning all the new faces surrounding his Kings team, even though De’Aaron Fox said the Baylor product doesn’t seem like a rookie because he’s older. “Fox kind of took me under his wing.” pic.twitter.com/4YLryWCj2S
A month ago, Nets general manager Sean Marks expressed his confidence in signing James Harden and Kyrie Irving to contract extensions by the start of training camp, which is a week away. On Tuesday, he admitted he might need a little more time than he first thought. “We’ve had very positive conversations with both those guys, and whether it’s family members, people and so forth, I think it always helps to do these things in person,” Marks said. “With this being summer, we’re very cognizant of letting people have their own time away before we all get back into the swing of things here. We’re looking forward to sitting down with them over the course of the next week, two weeks, and furthering those discussions.”
While both are still currently entering the final year of their contracts, Marks doesn’t expect the lack of extensions to be a distraction. “This is something those guys know exactly how we feel, and I think they’ve been vocal about wanting to be part of this and build this together,” Marks said. “I think we’ve got an opportunity to hopefully build something special here for the foreseeable future. The fact that they want to collaborate, they want to come here together, they want to build this together.”