Sports Business

City's bid team revving up for Super Bowl pitch

May 3, 2014
Anthony Schoettle
Indianapolis officials plan to use a downtown light show and $30 million in pre-raised corporate cash to wow the NFL’s team owners into granting the Circle City the title of Super Bowl host for the second time in six years.
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Yes, the NCAA is a powerhouse, but it’s vulnerable

May 3, 2014
Greg Andrews
If the NCAA were a public company, investors would be fretting about the risks—most notably the thicket of litigation that could upend the definition of amateurism and pave the way for athletes to get paid.
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Los Angeles Clippers owner banned for life by the NBA

April 29, 2014
Associated Press
Los Angeles Clippers owner Donald Sterling has been banned for life by the NBA in response to racist comments the league says he made in a recorded conversation.
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Seahawks’ Wilson overtakes Manning in NFL product sales

April 28, 2014
Bloomberg News
Former Colts quarterback Peyton Manning has been passed as the top National Football League player when it comes to merchandise sales. Two Colts rank among the top 50.
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Former Pacers coach Jack Ramsay dies at 89

April 28, 2014
Bloomberg News
Jack Ramsay, who won an NBA title with Portland and coached the Indiana Pacers from 1986 to 1988, died Monday in Naples, Fla., after battling cancer for more than 15 years, ESPN reported
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NCAA seeks to delay, split trial over use of player images

April 27, 2014
Bloomberg News
The lawsuit is part of a movement by current and former college athletes to secure compensation, and greater medical benefits, control over their images and labor protections in a system that considers them amateurs.
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MORTON: Indy's road to Oz will end soon for sports team owners

April 26, 2014
David B. Morton
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.
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Herb Simon: $160M Pacer deal helps heirs

April 26, 2014
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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WNDY-TV scores Indiana Fever broadcasts

April 25, 2014
Chris O'Malley
The deal gives the WNBA team a live, over-the-air broadcaster to supplement regional and national coverage on Fox Sports Indiana and ESPN2.
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Northwestern players to cast historic union vote

April 25, 2014
Associated Press
Northwestern University's football players will cast ballots Friday on whether to form the nation's first union for college athletes — a potentially landmark vote for college sports.
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NCAA board endorses more power for big schools

April 24, 2014
Associated Press
The NCAA's board of directors took the first step toward shifting power to the five largest football conferences on Thursday, endorsing a 57-page plan that calls for giving 65 of the nation's biggest schools more autonomy.
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NCAA president seeking big changes, quickly

April 23, 2014
Associated Press
Mark Emmert wants the NCAA to fast-track upgrades for major-conference college athletes — regardless of whether a players union is pushing for them.
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Colts to open season against Manning's Broncos

April 23, 2014
Associated Press
Indianapolis will open this season at AFC champion Denver in a Sunday night NFL showdown pitting quarterback Peyton Manning against his former team.
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500 Festival Mini Marathon might not fill field

April 20, 2014
Associated Press
With less than two weeks to go, the 38th 500 Festival Mini Marathon might not have a full field for the first time in 12 years.
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City’s $160M deal adds to Pacers' financial winning streakRestricted Content

April 19, 2014
Anthony Schoettle
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.
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CIB OKs Pacers subsidy after promise of no additional taxes

April 14, 2014
Anthony Schoettle
The city’s Capital Improvement Board on Monday afternoon unanimously approved a $160 million, 10-year finance package to the Indiana Pacers for the operations of Bankers Life Fieldhouse.
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CIB chief: $160M Pacers deal won't require tax hike

April 11, 2014
Greg Andrews
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.
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Stephen Simon surfaces as Pacers' heir apparent

April 11, 2014
Greg Andrews, Kathleen McLaughlin, Scott Olson, Anthony Schoettle
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.
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UPDATE: City reaches $160M deal with Pacers

April 10, 2014
Greg Andrews, Cory Schouten
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.
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Approval for $22M sports complex sought in Greenwood

April 8, 2014
 Associated Press and IBJ Staff
The project by Sarasota-based GoodSports Enterprises would include a 124-bed hotel and an attached 85,000-square-foot fieldhouse, built on the land once targeted by Cabela's.
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Indy-based Web firm for coaches makes Atlanta acquisition

April 7, 2014
Dan Human
Startup dot-com BookIt Commerce Inc. is in the midst of expanding its site for vetting and marketing coaches into new markets.
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NCAA's Emmert: Unionization 'grossly inappropriate'

April 7, 2014
Associated Press
President Mark Emmert said Sunday that the NCAA wants to allow the big conferences with moneymaking teams to write their own rules, and those changes could solve many athletes' complaints more effectively than unionization.
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Private colleges may be among first to see fallout from NLRB ruling

April 5, 2014
Anthony Schoettle
A March 26 decision by the National Labor Relations Board to let football players at Northwestern University unionize could trigger a tidal wave of changes across college athletics, including in Indiana, and for the NCAA itself.
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LOPRESTI: One Indy 500 race car will be covered with poignant stories

April 5, 2014
So maybe you’ve heard of Cutters Race Team. That’s the new idea where, for a few bucks, you can help sponsor an Indianapolis 500 race car.
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Big money under close scrutiny at NCAA Final Four

April 4, 2014
Bloomberg News
Kentucky's coaching staff will reap an extra $736,000 if the team wins the NCAA basketball tournament. Meanwhile, players are being asked by security to remove labels from water bottles at practice to avoid conflicts with a sponsorship agreement.
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