Kelly Oubre Jr. reportedly agrees to a two-year, $17 million deal with the Indiana Pacers
Oubre rebuilt his NBA career in three seasons with the Sixers. He was a starter who impacted both ends of the floor, while averaging 14.1 points, five rebounds, and 1.4 steals in 50 games in 2025-26.
Kelly Oubre Jr. will not return to the 76ers, instead agreeing to a two-year contract worth “nearly” $17 million with the Indiana Pacers, ESPN reported Wednesday afternoon.
Oubre’s departure became more plausible when the Sixers agreed to sign forward Dean Wade, who now is projected to slide into a starting spot, to a four-year, $39 million contract late Tuesday, The Inquirer confirmed.
Oubre rebuilt his NBA career in three seasons with the Sixers, and now joins a Pacers team that made the 2025 NBA Finals and is expected to return to contention when All-NBA guard Tyrese Haliburton recovers from a torn Achilles tendon.
The 30-year-old Oubre was a starter who impacted both ends of the floor for the Sixers, averaging 14.1 points, 5 rebounds, and 1.4 steals in 50 games in 2025-26. The 6-foot-8 wing used his athleticism in a more controlled way on offense, shot a career-best 36% from three-point range last season, and was willing to take on challenging perimeter defensive assignments.
» READ MORE: Quentin Grimes reportedly agrees to $60 million deal with Lakers, ending Sixers contract saga
Oubre signing with Indiana occurred after he also reportedly planned to meet with at least the Sixers, Los Angeles Lakers, and Portland Trail Blazers. The Sixers had Oubre’s full Bird rights, which permit teams to re-sign their own free agents even if they are over the salary cap. Oubre’s new contract with Indiana is only a slight raise on the $8.3 million he made last season, suggesting the Sixers could instead complete their offseason by signing a player to a veteran’s minimum deal to stay under the luxury tax ($201 million).
Though Oubre said “I love it here” in Philly during his end-of-season news conference last month, his length, athleticism, and positional archetype are typically valued leaguewide. Oubre also said he hopes he “did myself a good service” by putting a concerted effort into a more efficient playing style.
“I learned so much,” Oubre said of his time with the Sixers. “The game of basketball has reinvented itself to me through different lenses and different eyes throughout my tenure here, and I’m forever appreciative for the opportunity to play for this city.
“Obviously I don’t like how [the season] ended. I always say I like to finish what I start, and this is a bit sour for me. But at the end of the day, it’s already written.”
Yet the veteran entering his 12th NBA season also has previous experience with the harsh realities of free agency. Oubre reminded during his end-of-season news conference that, after averaging 20.3 points per game with the Charlotte Hornets in 2022-23, he “still found myself barely getting any contracts” until the Sixers signed him to a veteran’s minimum deal that September.
» READ MORE: Source: Ariel Hukporti agrees to sign one-year contract with Sixers
Oubre’s departure comes after the Sixers also lost sixth man Quentin Grimes, who reportedly agreed to a four-year, $60 million deal with the Lakers Wednesday afternoon. Backup center Andre Drummond, reserve forward Trendon Watford, and veteran guard Kyle Lowry (who is expected to retire) are the Sixers’ other unrestricted free agents and remain uncommitted to returning to Philly or signing with a new team.
During free agency’s first 24 hours, the Sixers also agreed to add reserve center Ariel Hukporti on a one year, $3.4 million deal. They also picked up the team options for Dominick Barlow ($3.4 million) and Dalen Terry ($2.6 million, nonguaranteed until Jan. 10).
Hukporti’s and Wade’s salaries came out of the nontaxpayer midlevel exception, leaving the Sixers with $2.6 million remaining from that to sign an outside player. They also still have the $5.5 million biannual exception.
The Sixers entered free agency with limited financial flexibility, with All-NBA guard Tyrese Maxey ($40.8 million), former NBA Most Valuable Player Joel Embiid ($57.7 million), and former perennial All-Star Paul George ($54.1 million) all on max contracts that account for the bulk of the salary cap of nearly $165 million. Using the nontaxpayer midlevel exception on Wade hard-capped the Sixers at the first apron ($209 million).
The Sixers finished last season seventh in the Eastern Conference standings (45-37) and, after their stunning rally from down three games to one to upset the Boston Celtics in the playoffs’ first round, were swept by the eventual NBA champion New York Knicks.
