You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

NBA

  • Pacers tone down expectations
    Pacers forward David West brought a reality check to media day. Instead of discussing championship aspirations, playoff chances or goals, West steered the conversation toward what he sees as Indiana’s biggest challenge:
  • Talent, intrigue abound in West
    The Western Conference may hold the reigning title winners, but the Eastern Conference dominated headlines in the early offseason thanks to a certain homecoming.
  • Trio of All-Stars has Cavs thinking of title
    LeBron James threw his right arm around Kevin Love and rested the other on Kyrie Irving’s shoulder. They laughed, smiled and posed for photos – together.
Advertisement

Reports: Indianapolis strikes deal to keep Pacers

INDIANAPOLIS — The Indianapolis Capital Improvement Board reportedly has struck a deal to pay about $160 million to the Indiana Pacers to keep the NBA franchise in the city.

The Indianapolis Star and the Indianapolis Business Journal reported Thursday that the deal due to be announced Monday will keep the Pacers in the city through the 2023-24 season. The agreement includes options to renew the deal for three years.

The reports said the deal includes $33.5 million for upgrades to Bankers Life Fieldhouse and $10.8 million per year for operations. The Pacers would not be allowed to terminate the agreement because of operating losses. The city also gets the right of first refusal if 79-year-old team owner Herb Simon dies and his heirs put the team up for sale.

Advertisement