Wanamaker was waived by the Pacers on Monday, Adrian Wojnarowski of ESPN reports.
Indiana brought Wanamaker in on a one-year deal last offseason, but the veteran guard hasn't impressed though 22 appearances, averaging a meager 3.5 points on 36.1 percent shooting. Once the transaction becomes official, the team will sign former UWGB standout Keifer Sykes, who spent the preseason with Indiana following a strong showing in the Las Vegas Summer League.