The Indiana Pacers have agreed to sign Lance Stephenson to a three-year deal worth $12 million with a team option in Year 3.

The Pacers will have a roster spot with the release of Rodney Stuckey.

Stephenson left the Pacers to sign with the Charlotte Hornets in the 2014 offseason. Stephenson has since played for the Los Angeles Clippers, Memphis Grizzlies, New Orleans Pelicans and Minnesota Timberwolves.