The Toronto Raptors announced Monday they have signed restricted free-agent guard Jarrett Jack to an offer sheet. Per team policy, financial details were not disclosed. We’ll add contract info later today.

The Indiana Pacers received the offer sheet today. Under the terms of the NBA’s Collective Bargaining Agreement, they will have seven days beginning Tuesday to match the Raptors’ offer.

Jack averaged a career-high 13.1 points, with 3.4 rebounds, 4.1 assists and 33.1 minutes in 82 games last season. He has appeared in 322 career games, averaging 10.4 points, 2.7 rebounds, 4.0 assists and 28.6 minutes.

Jack, 6-foot-3, 195 pounds, has averaged 80.5 games a season in his four-year NBA career with Portland and Indiana.

JULY 20 UPDATE: PACERS DECLINE TO MATCH OFFER

The Indiana Pacers announced Monday they will not match the offer sheet Toronto issued to restricted free agent guard Jarrett Jack.

“It was a very difficult decision because Jarrett proved last season what he can bring to a team,” said Pacers President of Basketball Larry Bird. “We thank Jarrett for his contributions to the Pacers, both on and off the court, and wish him the best in Toronto.”

Jack was acquired by the Pacers in a five-player trade July, 9, 2008. In his one season with the Pacers, Jack played in all 82 games, averaging a career-high 13.1 points.