The Indiana Pacers formally completed a previously agreed-to deal on Thursday night that sends center Roy Hibbert to the Los Angeles Lakers in exchange for a future second-round draft pick, according to NBA.com.
Reports first surfaced on July 4 that the two teams had reached an agreement in principle on Hibbert. The transaction was prevented from formally occurring before July 9 due to the NBA free-agency moratorium.
Pacers president of basketball operations Larry Bird thanked the 7'2" product out of Georgetown for his contributions during his time with the team.
The 28-year-old, two-time All-Star averaged 10.6 points-per-game and led the team with 7.1 rebounds-per-game during the 2014–15 season.
Hibbert played seven seasons with Indiana but picked up the player option on his contract for the 2015–16 season last month, opting to leave the team.