Financial terms were not disclosed.
Hansbrough spent his first four seasons with the Indiana Pacers after being drafted in the first round in 2009 out of North Carolina. He became an unrestricted free agent after the team consented to relent on Hansbrough's restricted status as a free agent.
MAHONEY: Examining minor moves of free agency He averaged seven points and 4.6 rebounds in 81 games last season coming off the bench. Hansbrough has career averages of 8.9 points and 4.7 rebounds in 246 games.