Foster, listed at 6-foot-11, 250-pounds, has spent his entire 12-year career in Indiana and has averaged 4.9 points and 6.9 rebounds in 753 games. The forward/center was a free agent this offseason and opted to re-sign with the Pacers on Saturday.
"Jeff Foster has been and is the kind of player we want in our uniform," said Pacers president of basketball operations Larry Bird. "His work ethic, his competitiveness, his hustle, the spark he brings to a game and his locker room presence set an example for every player. We are elated to have him back."
Pendergraph sat out last season due to a torn ACL. The 6-foot-9 Arizona State product logged 2.7 points and 2.5 rebounds during his 2009-10 rookie year in Portland.
Indiana also inked four NBA Development League players -- Jarrid Famous, Tyren Johnson, Darnell Lazare and Matt Rogers.