Indianapolis, IN (SportsNetwork.com) - The Indiana Pacers have reportedly agreed to terms with shooting guard C.J. Miles on a four-year contract, according to the Indianapolis Star.
The deal is worth $18 million and will become official once the NBA moratorium on free agent signings is lifted on July 10.
Miles is a nine-year veteran who has spent the last two seasons with Cleveland, averaging 10.6 points and shooting 38.8 percent from 3-point range during his time with the Cavaliers.
The 27-year-old, who spent his first seven seasons with the Utah Jazz, owns career averages of 8.9 points and 2.2 rebounds over 505 career games.
Indiana also reportedly signed European forward Damjan Rudez to a three-year contract on Wednesday. The 6-foot-10 Croatian shot 3-pointers at a clip of better than 44 percent playing for CAI Zaragoza in Spain this past season.