Pacers reach agreement with Indianapolis
Basketball Betting Lines
07/12/2010 - Indianapolis, IN (Sportsbook Betting Lines) - The Indiana Pacers and the city of Indianapolis have reportedly reached an agreement that will keep the team in Conseco Fieldhouse for at least three more seasons.
According to the Indianapolis Star, the city will contribute $10 million annually over the next three years in costs to help the Pacers run the operations of Conseco Fieldhouse and will pay at least $3.5 million for improvements to the building.
The Pacers, in turn, must remain in the city through the 2012-13 season or repay the entire $30 million. The contract with the city and the arena expires in 2019. If the team leaves after the initial three-year period and before 2019, it would also be responsible for paying back the city a portion of the $30 million, plus the estimated $20 million in termination fees called for in the contract.
Pacers owner Herb Simon purchased the team with his late brother, Melvin, in 1983.
The Star said Simon wants a long-term agreement with the city, despite the fact that the team loses an estimated $30 million per year.
Indiana was just 32-50 last season and missed the playoffs for a fourth straight year.
New York, NY (Sportsbook Betting Lines) - For those of you still wrapped up in Strasburg- mania, I have to regretfully inform you that he's not the pitcher referred to in the above headline. As impressive as the Nationals' rookie has been, and as much as
<< Mural of LeBron James removed in Cleveland
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<< Woods to play with Rose in first two rounds of British Open
St. Andrews, Scotland (Sportsbook Betting Lines) - Tiger Woods and Justin Rose, the
world's top-ranked player and one of the hottest players in golf,
respectively, will be paired together for the first two rounds of the 2010
British
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Phoenix, AZ (Sportsbook Betting Lines) - The Phoenix Suns are reportedly close to
replacing Amare Stoudemire with a combination of Hedo Turkoglu and Josh
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The report states that the Suns wo
<< Ferreira equalizer forces Seattle to share points with Dallas
Seattle, WA (Sportsbook Betting Lines) - FC Dallas got a late goal from Colombian
midfielder David Ferreira to earn a 1-1 draw vs. the Seattle Sounders FC in
Major League Soccer action in front of over 36,000 fans at Qwest Field on
Sunday
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American League mid-term grades >>
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keep us busy during the first half of the American League schedule, and a
number of surprising ones at that.
From the travels of Cliff Lee to the exploits of Robinso
National League mid-term grades >>
Philadelphia, PA (Sportsbook Betting Lines) - In the National League, those preseason
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have emerged -- the Cincinnati Reds and San Diego Padres -- at the top of the
class, while
Blackhawks re-sign assistant coach Haviland; add Kitchen to staff >>
Chicago, IL (Sportsbook Betting Lines) - The Blackhawks on Monday re-signed assistant
coach Mike Haviland and named Mike Kitchen an assistant coach.
"Adding Mike Kitchen and bringing back Mike Haviland bolster what is already a
tremendous coaching
Seven finalists return to Walter Payton Award Watch List >>
Philadelphia, PA (Sportsbook Betting Lines) - The race for the 2010 Walter Payton Award,
sponsored by Fathead.com, kicked off Monday with The Sportsbook Betting Lines's
announcement that seven finalists from last season are part of a stellar 20-
player Watch List
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