Lipsey agreed to an Exhibit 10 contract with the Pacers on Wednesday, Darren Wolfson of KSTP-TV reports.
Lipsey will presumably get an opportunity to make a good impression with the Pacers in Summer League after a solid season at Iowa State. The 22-year-old guard averaged 13.5 points, 5.1 assists, 3.9 rebounds and 2.3 steals in 34 outings with the Cyclones in 2025-26.