Despite the labor rift between National Basketball Association owners and players, Indiana Pacers President Jim Morris says he doesn't plan to lay off any of the organization’s 170 employees—at least for now.

“We’ve worked in a steady way over a number of years to get the [operational] team in exact order,” Morris said. “We don’t anticipate any changes to that at this time.”

Despite the lockout that threatens to cancel a good portion, if not the entire, upcoming season, Morris said there is plenty of work to keep staffers busy.

“As we look forward, we host 525 events,” Morris said.

The team lost a combined $60 million during the 2008-09 and 2009-10 seasons, Morris said. Though he wouldn’t reveal the team’s loss last season, he said it was “significant.”