The Indiana Pacers Friday announced that they have exercised the team option to extend Coach Jim O'Brien's contract for one additional year.
Pursuant to team policy, terms of contracts were not disclosed.
"We are very happy to get the option done on Jim's contract," said Larry Bird, President of Pacers Basketball Operations. "When I interviewed Jim for this job, he was committed to everything we want to do. We both feel we're moving in the right direction."
"I appreciate (owner) Herb (Simon) and Larry's confidence as we move toward getting this franchise back to where it belongs," said O'Brien. "I love Indianapolis and all of the fans in Indiana, and I remain committed to bringing a championship to the Indiana Pacers."