Copeland has reportedly accepted an offer from the Indiana Pacers worth $6 million over two years. The New York Knicks, for whom Copeland played last season, could still match that offer, but according to ESPN, the Knicks don't have enough room under the salary cap to do so.
A 29-year-old rookie this past season, Copeland averaged 8.7 points per game for the Knicks, mostly coming off the bench. He made roughly $1 million last season.
Several teams were interested in signing Copeland, including the Denver Nuggets, according to ESPN.
Copeland played at Colorado from 2002-06 and went undrafted at the 2006 NBA Draft. He spent time in the D-League, as well as playing in Spain, Netherlands, Germany and Belgium over the past few years. He signed with the Knicks in July of 2012.