Report: Pacers Decline Lance Stephenson's Option, WIll Hit Free Agency

The Pacers declined Lance Stephenson's option, making the 27-year-old an unrestricted free agent.

The Indiana Pacers declined Lance Stephenson's $4.3 million team option, according to Yahoo's Shams Charania. Stephenson will become an unrestricted free agent.

The 27-year-old who averaged 9.2 points and 5.2 rebounds in 22.6 minutes per game last year.

Pacers president of basketball operations Kevin Pritchard issued the following statement: "This was a very difficult decision, but as free agency begins on July 1, we want to have flexibility so that we can prepare for all of our available options."

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Former Pacer and looming free agent Paul George posted on Instagram, "Wow and I was the bad guy huh?! In this business you do what’s right for YOU! #PacerLegend"

Indiana can now clear up to $39 million in cap space. The team won 48 games last season behind the emergence of Victor Oladipo.