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It's a swap that will make it a challenge for Indiana to win a third straight title in a division that might be the toughest in basketball.
Booker has played all four of his NBA seasons in Washington, averaging 6.4 points and 5.1 minutes in 235 career games, including 105 starts.
General manager Mitch Kupchak on Monday described Young as a "bright spot" during last year's losing season.
Donald Sterling agreed to the sale of the Los Angeles Clippers but then tried to revoke consent in spite of a signed letter instructing his wife Shelly Sterling to sell for the highest price she could get.
The Spurs made Matt Bonner's return official on Monday, announcing that they have re-signed the fourth-longest tenured member of the team.
The Bulls announced the move Monday, along with the signing of second-round pick Cameron Bairstow.
"Rodney is a very talented player who can create and score in a variety of ways," said Pacers president of basketball operations Larry Bird.
Terms of the contract announced Monday weren't released, but it is reportedly a one-year deal for the veteran minimum of $1.4 million.
Jefferson played in all 82 games last season for the Utah Jazz, starting 78, and averaged 10.1 points, 2.7 rebounds and 1.6 assists.
Jurors in the trial of a friend of Boston Marathon bombing suspect Dzhokhar Tsarnaev have resumed deliberations in his obstruction of justice trial.
Ann Hunnewell and her central Florida police officer husband knelt in the living room of a fellow officer's home, with pillow cases as makeshift hoods over their heads.
The latest example came Sunday when an announced crowd of 22,000 turned out at Safeco Field for Richard Sherman's charity softball game.
The Milwaukee Bucks have been awarded the contract of point guard Kendall Marshall, who was waived by the Los Angeles Lakers earlier in the week.
Indiana Pacer Paul George coaches children during his annual summer youth basketball camp at Heritage Christian School in North Hills Saturday, July 19, 2014.
Warriors won't overlook defense in Kevin Love talks Kevin Love and Stephen Curry will soon be teammates for Team USA later this month.
NBA free agency winners and losers: Houston's problem The Rockets lost and Cavs won, sure.
Updated: Tue Jul 22, 2014 01:10 am
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