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According to writer Mike Wells of the Indianapolis Star, the Indiana Pacers have reached a 1-year deal worth $3.5 million dollars with former Charlotte Bobcats point guard D.J Augustin.

Augustin averaged 11.1 points and 6.4 assists last season for Charlotte. He saw his role and numbers on the Bobcats diminish over the course of the year mainly because of the presence of newly drafted (at the time) point guard Kemba Walker.

It appears that the Pacers have also agreed to sign former Nets player Gerald Green to a 3-year deal worth $10 million dollars.

Green had the best year of his career last season as he averaged 12.9 points and 3.8 rebounds off the bench for the New Jersey Nets.

This will be Greens 6th team (Boston, Houston, Minnesota, New Jersey, Dallas) in 7 years.

Grade for Pacers: B –

Indiana needed to secure a backup point guard for starter George Hill after trading away Darren Collison to the Dallas Mavericks less than 48 hours ago.

Augustin won’t offer much of an improvement over what Collison brought to the Pacers, but his signing did become a necessity once Collison was dealt.

D.J saw his scoring totals and shooting percentages dip these last 2 years from 14.4 to 11.1 and 41.7% to 37% on what is considered by many to be the worst team in NBA history, the Charlotte Bobcats. Indiana hopes that a change of scenery with a winning playoff contender will somehow reinvigorate Augustin and make him become an integral part of the rotation. He was an inconsistent, sometimes ineffective starter in Charlotte, but he should be a serviceable backup to Hill in Indiana.

A 1-year deal for a 24 year-old point guard with a lot of potential and room to grow isn’t much of a gamble.

The signing of Gerald Green will add some much needed depth to the bench, an area which needed considerable tuning this offseason.

Green is a tremendous athlete who saw his shooting numbers rise considerably (48% from the field, 39% from three-point range) last year with New Jersey.

I haven’t even mentioned the fact that Green is a dunking machine, most evident by his victory in the 2007 NBA Slam Dunk Contest.

With his amazing athleticism, outstanding leaping ability and overall showmanship on the court, Gerald Green should become an instant fan-favorite in Pacer country.

Christopher Walder is a sports blogger and lead editor for Sir Charles in Charge. You may follow him on Twitter @WalderSports