Report: Raptors, Pacers agree to sign-and-trade involving C.J. Miles, Cory Joseph

The Toronto Raptors and Indiana Pacers have agreed to a sign-and-trade deal that would send free agent C.J. Miles to Toronto and Raptors point guard Cory Joseph to Indiana, according to ESPN's Adrian Wojnarowski. 

The move comes a day after the Raptors shed the salary of forward DeMarre Carroll through a trade with the Nets.

Miles is one of the few remaining established 3-point shooters on the free-agent market, having shot 41 percent last season for the Pacers. He'll create spacing for a Raptors offense that was toward the bottom of the league in 3-pointers made and attempted.

Joseph is a 6-foot-3 point guard who spent the last two seasons backing up Kyle Lowry, who the team re-signed. The Raptors have two promising young guards in Norman Powell and Delon Wright, which made Joseph -- and the roughly $15.5 million left on his contract over the next two seasons -- relatively expendable.

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