The off-season reconstruction of the Toronto Raptors continues, with the NBA team signing restricted free-agent point guard Jarrett Jack to an offer sheet reportedly worth US$20 million over four-years.
The Raptors made the announcement offical on Monday, but would not release contract details.
Jack made $2 million last season with the Pacers.
The Pacers have seven days to match, but the Indianapolis Star reported doing so would put the team over the league's $69.9 million luxury tax figure next season.
Jack, a college teammate of Raptors star Chris Bosh at Georgia Tech, averaged a career-high 13.1 points, 3.4 rebounds and 4.1 assists last season. He replaced T.J. Ford as starting point guard and started the final 12 games.
Raptors GM Bryan Colangelo has been aggressive in his attempt to remake the Raptors this off-season, acquiring forward Hedo Turkoglu in a four-way sign-and-trade deal and locking up centre Andrea Bargnani with a US$50-million, five-year deal.