Herb Simon: $160M Pacer deal helps heirs
Herb Simon, 79, says the $160 million deal the city struck with the Indiana Pacers this month for operating costs and stadium improvements is an outgrowth of negotiations that began way back in 2007.
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MORTON: Indy’s road to Oz will end soon for sports team owners
The seemingly endless yellow brick road to Oz, or what residents of central Indiana have come to accept as privately owned professional sports franchises seeking financial sustenance to build and upgrade, is nearing a tipping point of practical expenditures.
City’s $160M deal adds to Pacers’ financial winning streak
The Pacers’ revenue stream this season has increased about $42 million from where it was during the 2008-2009 season, and the team’s finances could get even brighter as the NBA negotiates a new national television package.
CIB chief: $160M Pacers deal won’t require tax hike
CIB President Ann Lathrop said Friday that debt refinancings at low interest rates have freed up money to fund capital projects at the 14-year-old Bankers Life Fieldhouse.
Stephen Simon surfaces as Pacers’ heir apparent
Stephen Simon has been increasingly involved with the team since his father, Herb, acquired full ownership of the franchise before the death of Herb’s brother Melvin in 2009.
UPDATE: City reaches $160M deal with Pacers
The city's Capital Improvement Board will spend $160 million over 10 years on subsidy payments and stadium improvements for the Indiana Pacers in exchange for a lease extension through the 2023-2024 season.
Budding Pacers star George lands Gatorade contract
On Friday, Gatorade will introduce Pacer Paul George as its newest NBA spokesman in a lineup that already features prominent athletes such as Dwyane Wade, Peyton Manning, Serena Williams and Derek Jeter.
Pacers on track to post best attendance in 13 years
The NBA season isn’t supposed to start in earnest until after the Super Bowl. But the Indiana Pacers this season didn’t wait until an NFL champion was crowned to go red hot—on and off the court.
Deal may extricate Pacers from costly TV-rights deal from ABA days
The NBA has quietly brokered a deal with the former owners of the American Basketball Association’s St. Louis franchise that sources say eventually could save the Indiana Pacers millions of dollars a year.
Fox Sports Indiana cashing in on Pacers’ success
The Indiana Pacers are the hottest team in the National Basketball Association, and their winning ways are paying off for the team and its broadcast partner.
Other 2013 news of note: From Pacers to panhandling
A look at some of the runner-up top Indianapolis business stories from 2013.
Pacers-Heat game most-watched ever for NBA TV
The network said the Tuesday night telecast averaged 920,000 viewers, topping out at more than 1 million from 10:15 to 10:30 p.m. EST.
Sales of NBA floor space off to slow start
The Indiana Pacers were the first NBA team to jump on the opportunity to sell advertising on the court. So far, just two other teams have followed suit.
Pacers hire Disney to help upgrade service
The Indiana Pacers recently entered a long-term contract with Walt Disney Co.’s Disney Institute, to polish customer service from top to bottom.
Pacers hire sports writer, exec Bill Benner as senior VP
The Longtime Indianapolis sports journalist and executive has left the Horizon League to join Pacers Sports & Entertainment as senior vice president of corporate, community and public relations.
Pacers land IEDC as court sponsor
The Indiana Pacers have brokered a deal with an unusual sponsor—the Indiana Economic Development Corp.—to become the first of 30 National Basketball Association teams to sell courtside ads emblazoned on the hardwood.
All-star forward George signs extension with Pacers
Team officials have not released details, but the contract is reported to be for five years and worth $80 million-plus.
Hoosier documentary maker turns attention to Leonard
Award-winning filmmaker Ted Green, whose previous documentaries profiled John Wooden, Roger Brown and Indiana war veterans, found Bobby “Slick” Leonard has done basically everything there is to do in basketball.
CIB prepared to give Pacers another $11 million
The Capital Improvement Board of Marion County is prepared to give the Pacers another $11 million to offset losses from operating Bakers Life Fieldhouse as it continues to negotiate a long-term contract with the team.
Former Pacer invents device to increase leg strength
In April, Jonathan Bender launched a company based on a device he invented to help others avoid the knee troubles that put an end to his promising NBA career. Already, he’s brokered a deal with California-based Relax The Back retail chain.