Oladipo told The Athletic he isn't "fully comfortable" in joining the Pacers for the rest of the 2019-2020 season.
He has been hesitant to join the team for the rest of the season due to the risk of reinjury.
"To go back and ramp things up now again, I'm susceptible to injury more so than anyone else seeing as how I was already injured beforehand and I wasn't 100% before I came back to begin with," Oladipo said during a Wednesday video call with the media. "It's not about now, it's about longevity."
Kevin Pritchard, president of basketball operations for the Pacers, released the following statement on Oladipo's decision:
In January, Oladipo ruptured his quad tendon in this right knee during a game.
The Pacers will join 21 other teams in Orlando and play eight games at the ESPN Wide World of Sports Complex.