Oct 25, 2013; Dallas, TX, USA; Indiana Pacers shooting guard Lance Stephenson (1) brings the ball up the court during the game against the Dallas Mavericks at the American Airlines Center. The Pacers defeated the Mavericks 98-77. Mandatory Credit: Jerome Miron-USA TODAY Sports

Lance Stephenson rumors: Stephenson's value dropping

Indiana Pacers’ guard Lance Stephenson reportedly turned down a five-year, $44 million offer to re-sign with the Pacers and they may have proven to be a big mistake.

The Charlotte Hornets and Dallas Mavericks have reportedly been very interested in Stephenson, but they have inked deals with Marvin Williams and Chandler Parsons. The Boston Celtics, Chicago Bulls and Los Angeles Lakers all seemed interested at some point, but they never seriously pursued Stephenson.

Lang Greene of Basketball Insiders believes Stephenson’s value is declining.

The Pacers reportedly offered Stephenson five-years and $44 million early in free agency but the dynamic swingman refused to sign on the dotted line. With restricted free agent forwards Chandler Parsons and Gordon Hayward each receiving contracts that will pay over $15 million per year Stephenson was wise to turn down Indiana’s initial overture. However, the Pacers’ offer is now even less than what they offered originally.

To make matters worse for Stephenson, the number of teams with the cap space needed to offer him the contract he desires is dwindling by the minute. Reports indicate Charlotte and Dallas had interest, but Charlotte signed Marvin Williams after missing on Hayward. Dallas’ space has since been used on Chandler Parsons.

Stephenson averaged 13.8 points, 7.2 rebounds and 4.6 assists per game this season while shooting 49.1% from the field, 35.2% from beyond the arc and 71.1% from the charity stripe in the regular season. In the postseason, he put up 13.6 points, 6.9 rebounds and 4.2 assists per game. He shot 45.5% from the field, 35.8% from downtown and 71.4% from the free throw line. In his four-year career, he has averaged 9.1 points, 4.4 rebounds and 3.1 assists per game while shooting 46.7% from the field, 32.5% from three and 71.1% from the free throw line.

Tags: Indiana Pacers Lance Stephenson NBA Free Agency

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