Report: Pacers Sign C.J. Miles for 4 Years, $18 Million

According to Candace Buckner, the Indiana Pacers have agreed to terms with the 27-year-old C.J. Miles.

Miles himself verified the news within minutes, exclaiming that he feels “blessed” to be a Pacer.

While the Pacers have been “busy” all morning — signing Croatian shooter Damjan Rudez and undrafted free agent Shayne Wittington — the Miles signing is easily the transaction that moves the needle the most.

The contract may seem a little high to some, but remember that we are currently operating in a world where Jodie Meeks commands $20 million over three years and Ben Gordon, a guy that barely played last year, signed for similar money to Miles in Orlando.

As of yet, it’s too early to speculate on exactly what this will do to the Pacers’ cap situation. The cap hasn’t even been officially settled for next year and it’s unclear exactly what the details of the contract are.

Zach Lowe speculates that this puts the Pacers at around the $70 million amount, just $7 million below the luxury tax threshold, but again, these are just estimates.

Miles, for his part, is a bit of a polarizing player.

While it seems like he’s been in the league for 100 years, it’s easy to forget that he was one of the last high schoolers that was ever drafted and he’s still just 27 years old. Last season for the Cavaliers, he averaged 10 points a game while shooting nearly 40% from 3-pt range. At 6’6″, he adds real size and athleticism to the Pacers’ bench — or conceivably to the Pacers’ starting lineup, should they fail to re-sign Lance Stephenson.

While not a sexy move, Pacers’ fans should judge this acquisition compared to Evan Turner. While C.J, won’t offer the same skills that Turner provided while operating the pick and roll, he’s doubtless a better defensive player and will also space the floor better than Turner ever could. All those postseason minutes that went to Rasual Butler down the stretch will probably be going to a guy like C.J. Miles instead. Is he worth nearly the entire mid-level exception? Time will only tell.

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