Jack joins Raptors for $20M
The Toronto Raptors have landed guard Jarrett Jack.
The Raptors officially signed the restricted free agent to a four-year, $20-million US contract Tuesday, one day after the Indiana Pacers said they would not match Toronto's offer sheet signed July 13.
The Pacers had seven days to match it.
"After having a breakout season last year for Indiana, we are very pleased to have Jarrett Jack join the Toronto Raptors organization," Raptors president and general manager Bryan Colangelo said. "Jarrett's size and strength, coupled with his playmaking instincts and ability to defend both guard positions make him a perfect addition to our roster."
The move reunites Jack, who made $2 million US last season, with former Georgia Tech teammate Chris Bosh.
Jack averaged a career-high 13.1 points, 3.4 rebounds and 4.1 assists last season. The Pacers acquired him a year ago in a five-player trade.
Jack is the latest newcomer to join the Raptors as Colangelo continues to revamp his roster.
Toronto has also picked up forward Hedo Turkoglu and Reggie Evans, and signed centre Andrea Bargnani to a five-year, $50-million US extension.
Colangelo also acquired swingman DeMar DeRosan with the ninth overall pick in last month's NBA draft.