The Pacers have completed a series of transactions, announcing in a press release that they’ve exercised their 2025/26 team options on swingman Bennedict Mathurin, forward Jarace Walker, and guard Ben Sheppard. The team also requested waivers on forward Cole Swider.
The option pick-ups are fairly routine housekeeping moves that ensure all three recent first-round picks now have guaranteed salaries for at least one more season beyond ’24/25. Mathurin’s fourth-year option is worth $9,187,573, while Walker’s third-year option is worth $6,665,520 and Sheppard’s will pay him $2,790,720.
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Mathurin will be eligible for a rookie scale extension during the 2025 offseason, while Indiana will have fourth-year option decisions to make on Walker and Sheppard next fall.
The release of Swider is the most notable transaction in the bunch, as the Pacers’ decision to cut Kendall Brown earlier this week seemingly paved the way for Swider to earn a spot on the 15-man regular season roster. Still, Indiana isn’t far below the luxury tax line, so the club may opt to open the regular season with just 14 players on standard contracts, leaving that final spot open to maximize its roster and financial flexibility.
Of course, regular season rosters don’t have to be finalized until Monday, so there’s still time for the Pacers to make additional moves. As Dustin Dopirak of The Indianapolis Star writes, the team could theoretically promote one of its current two-way players to a standard deal and bring back Swider on a two-way contract. However, there have been no reports yet suggesting that’s the plan.
Swider’s non-guaranteed training camp contract with the Pacers didn’t include Exhibit 10 language, so it doesn’t appear likely that he’ll end up with the Indiana Mad Ants, the team’s G League affiliate.