The Indiana Pacers just gained a boost to their roster after signing guard Davon Reed to a two-way deal.
Reed was waived from a guaranteed contract with the Suns and still needs to clear waivers before joining the Pacers, but he's an intriguing talent who can be obtained for very little at the moment.
Guard Davon Reed is planning to sign a two-way deal with Indiana, league sources tell ESPN. Reed was waived on a guaranteed contract with the Suns and still needs to clear waivers today. Reed was the 32nd pick in 2017 Draft out of Miami.— Adrian Wojnarowski (@wojespn) October 18, 2018
After one season with the Phoenix Suns, Reed's contract was fully guaranteed at $1,378,242. To make room to sign veteran guard Jamal Crawford, Reed was released before the trade deadline.
Reed played for the Miami Hurricanes and was selected by the Suns as the 32nd pick in the 2017 Draft. Last season, Reed played in 21 games, averaging 11.5 minutes with 3.0 points and 1.9 rebounds.
Davon Reed's contract was fully guaranteed at $1,378,242. A cap hit for that amount now goes on the Phoenix Suns books, unless Reed is claimed on waivers.— Keith Smith (@KeithSmithNBA) October 17, 2018
Jamal Crawford's contract is for the veteran minimum and pro-rated to $1,504,055, since he officially signed today.
The Pacers had an open roster spot after C.J. Wilcox was ruled out for the season after tearing his Achilles.
By signing a two-way contract, Reed can spend 45 days with the team and the rest of the season with the Fort Wayne Mad Ants.