An NBA source on Saturday confirmed an Internet report that the Toronto Raptors have signed Indiana Pacers guard Jarrett Jack to an offer sheet. The Pacers will have seven days to match the offer.
Jack became a serious target for the Raptors once Toronto was able to turn its deal with Hedo Turkoglu into a sign and trade deal with the Orlando Magic as part of Thursday's four-team trade that also sent Shawn Marion to Dallas.
Because the Turkoglu offer became a sign and trade, the Raptors were able to preserve their mid-level exception ($5.8 million next season), which they used on Jack.
The 25-year-old Jack started 53 games for the Pacers last season, averaging 13.1 points and 4.1 assists. He played his first three seasons in Portland before being traded to Indiana after last year's draft along with Josh McRoberts for Ike Diogu and Jerryd Bayless.
CBSSports.com. first reported that Toronto had signed Jack
No way the Pacer's can match,
Jack's Offer is 20 million for 4 years, seems like they are over paying for him just as a bargaining piece to keep Bosh.... Jack and Bosh both played for Georgia Tech