1:12 pm: The signing of Thompson and release of Dennis are now official, the Pacers confirmed in a press release.
11:25 am: The Pacers are signing free agent swingman Ethan Thompson to a two-way contract and will waive point guard RayJ Dennis to make room on their roster, according to Michael Scotto of HoopsHype (Twitter link).
Thompson, 26, was previously signed to an Exhibit 10 deal by the Heat, but was waived heading into the season. The 6’4″ wing has played eight games for Miami’s G League affiliate this fall, averaging 26.9 points, 6.5 assists, and 5.8 rebounds while shooting 36.8% on 8.5 three-point attempts per game.
Dennis appeared in 13 games for Indiana this season as the team dealt with backcourt injuries, averaging 4.9 points in 12.9 minutes per game. He also played twice for the Noblesville Boom in the G League, averaging 20.5 PPG and 8.5 APG. Dennis has struggled with his three-point shot this fall, making just 25.0% of his outside shots for the Boom and 31.6% for the Pacers.
As our tracker shows, Thompson will be eligible to be active for up to 39 NBA games with Indiana. He’ll join Taelon Peter and Quenton Jackson as the club’s two-way players.