The NBA season won't begin until Christmas, but already, the Indiana Pacers have won.To see the rest of the article, click here.
So have all the league's small-market, small-revenue teams -- the Hornets and Bobcats, the Kings and the Bucks and several others.
Assuming the new labor deal is confirmed by both sides, not only will we have NBA basketball back on our radar -- and not a moment too soon given the grim fortunes of the local pro and college football teams -- but we will have a reconstituted NBA that gives the little guys a better chance to compete with the L.A.s, New Yorks and Bostons.
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Conseco Fieldhouse |
To refresh people's memories, we taxpayers paid to construct Conseco Fieldhouse. (We actually owe more on the building now than when it was built 12 years ago.) The 1999 agreement was that the Pacers would be responsible for the expense of running the building and the team would receive 100% of the basketball and non-basketball revenue from Conseco. After the sweetheart deal Jim Irsay received for Lucas Oil Stadium, the Simons, the owners of the Pacers, begin to complain that their 1999 deal was not sweet enough. After discussions during the summer of 2010, the City agreed to pay $10 million for each of the next three years to cover the Pacers' operating expenses and to sink $3.5 million into new improvements. Part of that taxpayer money went for a new ribbon advertising loop in Conseco from which the Pacers get 100% off the advertising revenue.
One of the reasons for the City said it opted for a three year "bridge deal" rather than a long term deal to cover the final 10 years of the contract was that the new collective bargaining agreement might put the Pacers in a more profitable position where the team would need less taxpayer support.
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