After testing out the free agency waters, forward Chris Copeland is close to finalizing a deal with the Indiana Pacers. The news surfaced on Friday night. The New York Knicks will have an opportunity to match any deal, but they will not be able to afford to do so because of the big deal they just gave J.R. Smith.

From Adrian Wojnarowski of Yahoo! Sports:

Indiana is finalizing agreement on a two-year deal with Knicks free agent Chris Copeland, league sources tell Y! — Adrian Wojnarowski (@WojYahooNBA) July 5, 2013

Copeland was targeted by a number of teams, so the Pacers have to be happy that they were able to land one of their free agent targets. He will be able to provide some additional energy and production to their already impressive line up.

Free agency kicked off just after midnight on Monday, so be sure to stay tuned to FanSided.com throughout the free agency period as we keep you up to date with the latest news and rumors from around the league.