The Indiana Pacers are hiring Rick Carlisle as their new head coach, sources told ESPN's Tim MacMahon.
Carlisle will sign a four-year, $29 million contract, the sources said.
This marks a return to Indiana for Carlisle, who previously was the team's head coach for four seasons (2003-04-2006-07) and went 181-147.
Carlisle resigned as the Dallas Mavericks' head coach earlier this month, ending a 13-year tenure with the franchise that included an NBA championship in 2011.
He replaces Nate Bjorkgren, who was fired earlier this month after one season.
Indiana's five-year playoff streak ended this season when they lost to the Washington Wizards in a play-in tournament bid to earn the No.