Pacers to re-sign Jalen Smith to two-year deal

Free-agent big man Jalen Smith has agreed to a two-year contract with the Pacers and will return to Indiana, sources tell Shams Charania of The Athletic.

The 10th overall pick in 2020, Smith barely saw any action as a rookie in Phoenix in 2020-21, then found himself out of the Suns’ plans. They turned down his third-year rookie-scale option for 2022-23 at the start of last season and traded him to Indiana at this year’s deadline.

With the lottery-bound Pacers, Smith began to flash the upside that made him a lottery pick two years ago, averaging 13.4 PPG, 7.6 RPG and 1.0 BPG on .531/.373/.760 shooting in a part-time role (24.7 MPG).

There was a sense that Smith may be playing himself out of the Pacers’ price range — even though they hold his Bird rights, they were prohibited from offering him a starting salary higher than $4.67M, the amount of his declined option. However, it appears that limit didn’t stop the two sides from getting a deal done.

While it’s possible potential suitors were hesitant to invest too aggressively in Smith based on the numbers he was putting up for a team out of playoff contention down the stretch, he’s still just 22 years old and has the potential to continue improving.

Smith’s role and place on the 2022-23 depth chart will be determined in part by whether veteran bigs like Myles Turner and Daniel Theis remain on Indiana’s roster or end up elsewhere by the fall.