A total absence of fans and the need to play a shortened 72-game schedule to realign the NBA’s typical calendar would cost the league approximately $4 billion of revenue next season. That’s a massive hit for a league with $8 billion in annual revenue.
Pacers organization terminates dozens of employees in cost-cutting move
Pacers Sports & Entertainment, which owns and manages the Indiana Pacers and Indiana Fever, has cut about 16% of its full-time workforce in response to financial losses during the pandemic, a spokesman told IBJ.Read More
“While I still love basketball, I know there is something more important, which is my family and my faith,” he told ESPN’s The Undefeated.
Nearly three years since Tamika Catchings played her final basketball game, the 39-year-old former star is establishing herself in a variety of new roles, including one as a contestant on “American Ninja Warrior.”
Pacers Sports & Entertainment is going down to the wire in lining up a new sponsor for the fieldhouse. But the wait might give it extra leverage to strike an especially lucrative deal.
A committee of the Indianapolis City-County Council has signed off on bonds and financing the Capital Improvement Board needs for its share of the $360 million overhaul of Bankers Life Fieldhouse.
The Rules and Public Policy Committee on Tuesday decided to table two items related to a long-term deal with the Indiana Pacers.
Podcast host Mason King talks with IBJ reporters Lindsey Erdody and Mickey Shuey about the legislation the General Assembly passed to help fund a 25-year, $800 million deal with the Indiana Pacers.
State lawmakers are done making changes to legislation that would provide millions in additional revenue to the Capital Improvement Board, help keep the Indiana Pacers in Indianapolis for the next 25 years and potentially support a permanent soccer stadium for the Indy Eleven.
Plans call for the outdoor plaza to host concerts and other public events, along with a public ice-skating rink in the winter and a public basketball court in the summer.
The Indiana Fever would have to find a new venue in which to play home games for the better part of three seasons, due to the extensive fieldhouse renovation and expansion planned from 2020 to 2022.
Here’s a breakdown of the 158-page agreement that the CIB was considering Friday morning.
The agreement between city officials and the NBA team provides nearly $800 million in tax revenue to the Pacers over the life of the 25-year deal.
A major deal to keep the Pacers in Indianapolis for decades is expected to be voted on Friday during a meeting of the Capital Improvement Board.
Former Indiana Pacers star Chuck Person will serve prison time after admitting to taking thousands of dollars in bribes to steer college basketball players to hire a financial adviser after they turned professional.
Boosted by the fifth-highest winning record in the 30-team NBA, the team has seen home attendance rise 4.6 percent and TV ratings climb 6 percent, compared with this time last year.
The president of the Capital Improvement Board said negotiations on a 25-year deal with the Indiana Pacers are progressing, but a final pact is likely months away.
The Nothing But Knit campaign is the first community initiative tied to the 2021 NBA All-Star Game, and aims to collect up to 5,000 knitted beanies for distribution to volunteers, hospitality workers, players and league officials.
Victor Oladipo's leg bent awkwardly as he fell to the floor Wednesday night while trying to disrupt an outlet pass to the Toronto Raptors' Pascal Siakam.
A bill filed by Senate Appropriations Chairman Ryan Mishler would extend the life of multiple tourism- and entertainment-related taxes that help fund the Capital Improvement Board and expand the footprint of what’s known as the Professional Sports Development Area to capture even more tax revenue for the CIB. But there’s a catch.