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Lance Stephenson returning to Indiana Pacers, team confirms

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Lance Stephenson celebrates against the Atlanta Hawks during Game Seven of the Eastern Conference Quarterfinals of the 2014 NBA Playoffs on May 3, 2014 (Photo by Joe Robbins/Getty Images)

INDIANAPOLIS, Ind. – Lance Stephenson is returning to Indianapolis, the team confirmed Thursday.

League sources tell ESPN, the Pacers and Stephenson agreed to a three-year, $12 million deal with first two years guaranteed and team option on the third. The team did not disclose the terms in a press release.

He spent four seasons with the Pacers after he was drafted by the team in 2010. Stephenson was a regular starter, and he helped lead the team to the Eastern Conference semifinals and Eastern Conference finals in 2013 and 2014, respectively.

During his final season with the Pacers, he led the league with five triple-doubles.

“We’re very happy to have Lance back as part of our team,” said Larry Bird.

“We always knew he wanted to come back here, and we feel now is the right time, not only for the rest of this season, but moving forward. We look forward to having a long relationship with him, because we know what he can bring to our franchise, both on and off the court.”

He’s played for five other teams since his departure in 2014. Those teams include the Charlotte Hornets, LA Clippers, Memphis Grizzlies, New Orleans Pelicans, and Minnesota Timberwolves.