George Hill signed a five-year contract with the Indiana Pacers on Monday, the Indianapolis Star reports. Financial terms of the deal were not disclosed. Hill will be able to sign his new contract once the NBA's moratorium period ends on July 11.
The Pacers acquired the rights to Hill from the San Antonio Spurs on the night of the 2011 NBA Draft. Hill came off the bench for both guard positions, and started at point guard when Darren Collison went down with a groin injury. He had 9.6 points, 3.0 rebounds and 2.9 assists averaging 25.5 minutes per game last season.
Hill remained the starter even after Collison was healthy enough to return to the court, and should compete for the job once again to start the 2012-13 season.
Roy Hibbert is now the Pacers' last unresolved restricted free agent. The Portland Trail Blazers gave him a five-year, $58 million offer sheet over the weekend. Hibbert is expected to sign on July 11, giving the Pacers three days to match the offer in order to retain his rights.
For more on the Pacers, head over to the SB Nation blog Indy Cornrows.