Originally posted on Pro Sports Daily  |  Last updated 7/13/12

The Pacers officially signed unrestricted free agent point guard D.J. Augustin on Friday.

Augustin's addition was necessary to fill the vacancy created when Darren Collison was dealt to the Dallas Mavericks on Wednesday.

"D.J. is an excellent pick-up for this team," said Pacers' GM Kevin Pritchard in a release. "He's an amazing kid that will fit well here with the Pacers' family. His experience will be valuable as we move our franchise forward. Our priority is to keep our own players and then to fill in the holes that exist. D.J. helps us accomplish that."

Augustin's $4 million qualifying offer as a restricted free agent was withdrawn by the Bobcats, who had been negotiating a sign-and-trade deal with Indiana. When the offer was rescinded, Augustin officially became an unrestricted free agent able to sign with any team.

The Bobcats' 2011 first-round pick, Kemba Walker, and veteran newcomer Ramon Sessions are expected to compete for the starting point guard job in Charlotte.

Augustin was the ninth overall pick in the 2008 draft. He started 128 of a possible 130 games over the past two seasons with the Bobcats. Augustin averaged 11.1 points and 6.4 assists last season.

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