Hibbert, a fourth-year pro, is coming off an All-Star season, averaging 12.8 points, 8.8 rebounds and 2.0 blocks per game and giving the Pacers a dominant presence at centre. He says he's happy to be back because the Pacers have "unfinished business" after losing to eventual champion Miami in the playoffs.
Hill was drafted by San Antonio with the 24th overall pick in 2008 and spent his first three seasons with the Spurs. The guard joined Indiana in June 2011, and has career averages of 9.8 points, 2.5 rebounds and 2.5 assists per game.
The Pacers also said they have signed free agent guard D.J. Augustin, who averaged 10.9 points and 4.4 assists during four years in Charlotte.