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Pacers Agree To 25-Year Arena Deal With $800M In Public Money

Apr 14, 2019 4:10 PM

The Indiana Pacers have agreed to a 25-year deal with the city of Indianapolis that commits approximately $800 million in public spending to keep the franchise in Indiana.

The Marion County Capital Improvement Board, which owns or manages the city's professional sports stadiums, voted unanimously in favor of the 157-page agreement at a Friday morning meeting.

The terms include $295 million in public money announced at the meeting to upgrade Bankers Life Fieldhouse and roughly $362 million — described by the CIB later in the day as averaging $14.5 million a year over 25 years — to operate it over that time. 

The $800 million total will come from a mix of local and state sales and income taxes.

Little research exists to suggest such deals pay off from a fiscal standpoint, said Ball State University economist Michael Hicks.

The deal includes a fee of as much as $750 million to be paid if the Pacers were to leave Indianapolis early.

The Pacers have been floating the idea of signing an extension in return for publicly funding upgrades to Bankers Life Fieldhouse for two years. 

Chris Sikich/Indianapolis Star

Tags: Indiana Pacers, NBA

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Paul George Would Love To Have Jersey Retired By Pacers But Not Sure He Did Enough

Mar 15, 2019 8:20 AM

Paul George isn't sure if the Indiana Pacers will retire his number someday.

"I’m not sure," said George. "And quite frankly, I’m not sure if I’ve done enough to have a jersey hung here. But that’s not in my hands."

The Pacers have only retired the jerseys of Reggie Miller, George McGinnis, Roger Brown and Slick Leonard.

"Well, I’m stacked up against a lot of greats. Again, what Reggie did here and the 18-plus years of excellence, that’s the last guy to do it, so that’s big shoes that I would’ve filled. … I would love to (have the jersey retired), because I can’t say I would’ve made it to where I’m at if it wasn’t for this opportunity here and the chance I got to be Paul George here. So we’ll see."

The Pacers traded George to the Oklahoma City Thunder during the 2017 offseason.

Sam Amick/The Athletic

Tags: Paul George, Indiana Pacers, Oklahoma City Thunder, NBA

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Bojan Bogdanovic, Paul George Named Players Of The Week

Feb 11, 2019 3:06 PM

Bojan Bogdanovic and Paul George have been named the NBA's Players of the Week.

Bogdanovic averaged 22.5 points while shooting 46.4 percent from three as the Indiana Pacers went 4-0.

George averaged 37.0 points and 8.0 rebounds in Oklahoma City's 3-0 week.

RealGM Staff Report

Tags: Indiana Pacers, Oklahoma City Thunder, NBA, NBA Award

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Pacers Sign Edmond Sumner To Two-Year Contract

Feb 11, 2019 10:12 AM

The Indiana Pacers have agreed to sign Edmond Sumner to a two-year NBA contract. The deal includes a team option for the Pacers in 19-20.

Sumner was on a two-way contract with the Pacers.

Sumner has appeared in 17 games for the Pacers.

Shams Charania/The Athletic

Tags: Edmond Sumner, Indiana Pacers, NBA, NBA Signing Rumor, NBA Misc Rumor

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Wesley Matthews Agrees To Buyout With Knicks, Plans To Sign With Pacers

Feb 7, 2019 3:26 PM

Wesley Matthews has agreed to a buyout with the New York Knicks.

Matthews will sign with the Indiana Pacers once he clears waivers.

The Pacers have a hole in the backcourt following Victor Oladipo's season-ending injury.

Shams Charania/The Athletic

Tags: Wesley Matthews, Indiana Pacers, New York Knicks, NBA, NBA Signing Rumor, NBA Misc Rumor, NBA Waiver

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Pacers To Create Roster Spot By Waiving Ike Anigbogu

Feb 7, 2019 2:03 PM

The Indiana Pacers will waive Ike Anigbogu to create a roster spot for their deal with the Houston Rockets.

Anigbogu was a second round pick out of UCLA in 2017.

Chris Haynes/Yahoo! Sports

Tags: Ike Anigbogu, Indiana Pacers, NBA, NBA Misc Rumor, NBA Waiver

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Rockets Get Under Tax With Trade Of Nik Stauskas, Wade Baldwin To Pacers

Feb 7, 2019 1:17 PM

The Houston Rockets have agreed to trade Nik Stauskas and Wade Baldwin to the Indiana Pacers.

Houston will also send cash and a second round pick.

The deal allows the Rockets to get under the luxury tax.

Adrian Wojnarowski/ESPN

Tags: Wade Baldwin IV, Nik Stauskas, Houston Rockets, Indiana Pacers, NBA, NBA Trade Rumor, NBA Misc Rumor

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Pacers Tell Teams To Stop Calling On Aaron Holiday Trade

Feb 7, 2019 9:23 AM

The Indiana Pacers have received multiple trade calls on the availability of Aaron Holiday.

The Pacers, however, have stopped taking inquiries on Holiday and will not trade him.

Holiday was the 23rd overall pick in the 2018 NBA Draft out of UCLA.

The Pacers' other backcourt options, Cory Joseph, Darren Collison and Tyreke Evans, all are on expiring deals.

J. Michael/Indianapolis Star

Tags: Aaron Holiday, Indiana Pacers, NBA, NBA Trade Rumor, NBA Misc Rumor

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Victor Oladipo Out For Season With Ruptured Quad Tendon

Jan 24, 2019 1:04 PM

Victor Oladipo has suffered a ruptured quad tendon in his right knee.

Oladipo will undergo season-ending surgery.

Oladipo suffered the injury in the second quarter of Wednesday's game.

Shams Charania/The Athletic

Tags: Victor Oladipo, Indiana Pacers, NBA, NBA Injury

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Victor Oladipo Suffers Serious Knee Injury, Will Have MRI Thursday

Jan 23, 2019 8:53 PM

Victor Oladipo was stretchered off the court after suffering a serious right knee injury in the second quarter against the Toronto Raptors. 

Trainers quickly put a towel over his knee. He will have an MRI on Thursday.

Oladipo is leading the Pacers in scoring, averaging 19.2 points per game. 

ESPN

Tags: Victor Oladipo, Indiana Pacers, NBA, NBA Injury

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Stephan Hicks Sign 10-Day Contract With Pacers
Hicks has been with the Pacers' G League affiliate since 2015.

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Nate McMillan, Mike D'Antoni Named Coaches Of The Month For December
The Rockets were 11-4 in December, winning 10 of their final 11 games.

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Kings-Pacers To Play Two 2019 Preseason Games In India
The NBA will preseason games in India for the first time.

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Thaddeus Young, James Harden Named NBA Players Of The Week
Thaddeus Young averaged 18.8 points, 9.8 rebounds and 3.8 assists per game as the Pacers went 4-0.

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Pacers Hire Kelly Krauskopf As Assistant General Manager
Kelly Krauskopf had been president and general manager of the WNBA's Indiana Fever for 17 years.

Adrian Wojnarowski/ESPN

Pacers Interested In Trading Darren Collison Or Cory Joseph
Darren Collison and Cory Joseph roughly split minutes at point guard.

Brian Windhorst/ESPN

Victor Oladipo Out Indefinitely With Sore Right Knee
Victor Oladipo last played on Nov. 17.

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Pacers Waive Ben Moore
Ben Moore appeared in two games with the Pacers last season.

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Tyreke Evans Suspended By Pacers For Violation Of Team Rules
Tyreke Evans will miss Saturday's game at Cleveland.

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Davon Reed To Sign Two-Way Deal With Pacers
Davon Reed was the 32nd overall pick in the 2017 NBA Draft.

Adrian Wojnarowski/ESPN

Paul George Would Have Signed With Lakers If Not For Thunder Trade
Paul George said he spoke with LeBron James about his possible future plans before his trade to the Thunder.

Marc J. Spears/The Undefeated

Myles Turner, Pacers Agree To Four-Year, $80M Deal
Myles Turner was the 11th overall selection in the 2014 NBA Draft out of Texas.

Shams Charania/The Athletic

Pacers Waive Omari Johnson, Elijah Stewart
Omari Johnson played in four games for Memphis last season.

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USA Basketball Appoints Steve Kerr, Nate McMillan, Jay Wright As Assistant Coaches
Gregg Popovich has selected his assistant coaches for the 2019 World Cup and 2020 Olympics.

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Pacers Exercise 19-20 Options On Domantas Sabonis, TJ Leaf
The Pacers have exercised their options for 19-20 on Domantas Sabonis and TJ Leaf.

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RealGM Radio: Arturo Galletti on East Over-Unders
Host Danny Leroux and Arturo Galletti break down the over/unders for the Eastern Conference.

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Ben Moore Signs Partially Guaranteed Deal With Pacers
Ben Moore played two games with the Pacers last season and 43 games with Fort Wayne in the G League.

Scott Agness/The Athletic

Pacers Sign Nate McMillan To Contract Extension
Nate McMillan will enter his third season as Pacers' head coach.

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RealGM Radio: Nate Duncan, Dan Feldman On The Central Division
Host Danny Leroux, Nate Duncan of the Dunc'd On Basketball Podcast and Dan Feldman of Pro Basketball Talk break down the Central Division.

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Pacers Sign C.J. Wilcox To Two-Way Contract
C.J. Wilcox averaged 10.4 points per game while shooting 45.1 percent from the field for the Santa Cruz Warriors.

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