Report: Pacers sign D.J. Augustin

D.J. Augustin went from being a restricted free agent for the Charlotte Bobcats to a point guard for the Indiana Pacers in about an hour.

After signing Ramon Sessions, the Bobcats removed Augustin's qualifying offer Thursday afternoon signaling something was coming. And it did as the Pacers have signed Augustin to a one-year $3.5 million deal, according to the Indy Star.

The Pacers completed a trade on Wednesday sending point guard Darren Collison to the Mavericks in exchange for center Ian Mahinmi. Indiana already has re-signed point guard George Hill to a multi-year deal, but obviously is looking for more depth.

Augustin, 24, was drafted ninth overall by the Bobcats in 2008. Last season he averaged 11.1 points, a career-high 6.4 assists and 2.3 rebounds per game.

The question is if Augustin is really an upgrade over Collison. Last season in 60 games for the Pacers, Collison averaged 10.3 points and 4.8 assists per game. They're close to the same kind of point guard, but the Pacers did a bit of shuffling to find an adequate second point player while also upgrading their interior with Mahinmi.

At least that has to be the thinking behind it. Because Augustin is also going to cost about $1.2 million more this season than Collison would've. Kind of a curious bit of moves for the Pacers.