Indiana Pacers' Quenton Jackson smiles before an NBA basketball game against the Milwaukee Bucks, Sunday, March 15, 2026, in Milwaukee. (AP Photo/Aaron Gash)

INDIANAPOLIS – The Indiana Pacers will not waive guard Quenton Jackson today, meaning his contract for the 2026-27 season will become fully guaranteed. Jackson is set to make $2.58 million during the coming campaign.

Jackson’s agreement for the ongoing league year only had $275k of guaranteed money, meaning had he been waived the Pacers could have saved about $2.3 million against the salary cap and opened a roster spot. The deadline for such a transaction was today, July 15.

By not releasing Jackson or altering his agreement in any way, the Pacers will see his contract become fully guaranteed. That $2.58 million will sit on their books the entire season, barring a trade.

That was always the most likely outcome. Jackson signed a three-year deal with Indiana back in February, but only the first season was fully guaranteed. The rest of the contract came with only a small amount of money certain to come Jackson’s way, a flexibility compromise between the guard and the Pacers.