Pacers are moving C.J. Miles in a sign-and-trade for Cory Joseph

CLEVELAND, OH - MAY 3: Cory Joseph
CLEVELAND, OH - MAY 3: Cory Joseph /

According to Shams Charania of The Vertical, the Indiana Pacers are acquiring Raptors point guard Cory Joseph in a sign-and-trade that will move CJ Miles to Toronto.

The Indiana Pacers and the Toronto Raptors have finalized a deal that will send C.J. Miles to Toronto and Cory Joseph to Indianapolis, Shams Charania of The Vertical first reports.

Joseph had been rumored to be of interest to Kevin Pritchard and the Pacers for a few weeks now, and will now seemingly be competing with Darren Collison for the starting point guard spot. This also means that #PointLance is likely dead save for a few minutes here and there.

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Joseph spent his last two years in Toronto, and before that, he played his first four seasons for the San Antonio Spurs. He got some championship experience in 2014 when he backed up Tony Parker and helped the Spurs take down the Miami Heat in five games.

For the Raptors, Joseph was durable and reliable. Out of a potential 164 regular season games, Joseph played in a whopping 160 of them. This proved essential for Toronto, considering Kyle Lowry’s struggles with injury over the last few seasons.

Joseph is entering his seventh season and is under contract until the summer of 2019. He’ll come off the books right as Myles Turner enters restricted free agency, where he will almost certainly receive a big pay raise from the Pacers. Kevin Pritchard seems to be focused on maintaining plenty of flexibility during that summer, as Darren Collison and Bojan Bogdanovic are also on two-year deals.

The Pacers will be losing the sharpshooting Miles, but that much has been fairly certain for a while now. He will add some desperately needed shooting on the wing for the Raptors, who have lost DeMarre Carrol to the Nets and Terrence Ross to the Magic this year.

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The Pacers are assembling a confusing roster for this upcoming season. Stay tuned for any last-minute additions as free agency winds down.