The Indiana Pacers haven’t signed a single free-agent acquisition, and it raises questions to some. But why haven’t they signed anybody? According to the Boston Globe, it is because of the luxury tax:
“The Pacers have not made a free agent acquisition because they are $10 million over the salary cap. Even a midlevel exception contract would put the club over the luxury tax. So [team president Larry] Bird has to take solace in the team’s youth, and he appears pleased.”
But the Pacers have a lot of contracts coming into the 2010. They look to let a lot of players go and re-build their roster. There are going to be some pretty enticing free agents in 2011, so it won’t be too bad.