Indianapolis officials poised to approve deal for Pacers
Summary of 2 articles · Updated Apr 14, 2014
The Pacers' biggest win so far this season might come Monday off the court. The contract runs for 10 years and includes three one-year extensions with the Pacers having the option for the first of those years. One day after moving into position for the top seed in the Eastern Conference, the city's Capital Improvement Board was scheduled to vote on a new deal that would help the Pacers stay financially competitive in one of the NBA's smallest markets. Now the quasi-government agency that runs Bankers Life Fieldhouse, home of the city's NBA team and WNBA's Indiana Fever; Lucas Oil Stadium, home to the NFL's Colts, and the city's convention center will spend in excess of $10.8 million annually over the life of the deal.