Bobcats cut Augustin loose, Pacers sign him to deal

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So Indiana just traded Darren Collison then paid $1 million a year more to have D.J. Augustin backup George Hill? Interesting decision.

But that’s what the Pacers have done (and got backup center Ian Mahinmi in the process).

Here’s how it went down. On Wednesday the Pacers traded Collison to Dallas for Mahinmi. On Thursday, the Bobcats reached a one-year deal with Ramon Sessions to play point guard for them (along with Kemba Walker). That led the Bobcats to quickly pull their qualifying offer to Augustin, reported Marc Stein of ESPN.

The Pacers needed a backup PG and jumped on it fast, reported Mike Wells of the Indy Star. It didn’t take long and he was tweeting this.

Pacers have agreed to a 1 year deal with DJ Augustin, according to a source.

That is a one-year, $3.5 million deal. Collison, who had been with the team, will make $2.3 million. And Collison had been a part of this team and is a better shooter.

Augustin will make a fine backup in Indiana. He’s solid. But was the extra money and step back in shooting in backup point guard worth it to get Mahinmi? Depends on if you still believe in Mahinmi’s potential.