What happened: Forward Kelly Oubre Jr. signed a two-year, $16.5 million contract with Indiana. The transaction formalizes the fully guaranteed agreement reached at the start of the free agency period.

Why it matters: The wing provides the roster with additional perimeter scoring and defensive length. The front office structured the deal using a portion of the non-taxpayer mid-level exception to finalize the move for the upcoming 2026-27 season.

What to watch: The organization continues its offseason preparations leading into fall training camp.