3:29pm: Not wasting any time, the Pacers are "close" to finalizing a deal with Augustin, tweets Mike Wells of the Indianapolis Star.
3:18pm: The Bobcats have withdrawn their qualifying offer to D.J. Augustin, according to the team's PR Twitter feed. The move comes on the heels of a reported agreement with point guard Ramon Sessions, and makes Augustin an unrestricted free agent.
Augustin, 24, is now free to sign with any team, without the Bobcats having the opportunity to match an offer sheet.