Pacers reach $33.5 million deal to keep team in Indianapolis at least 3 years

Discussion in 'Indiana Pacers' started by truebluefan, Jul 12, 2010.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    Indianapolis officials and the Indiana Pacers have reached a deal to keep the team at Conseco Fieldhouse for the next three seasons while the city pays $10 million a year for running the arena.

    The city's Capital Improvement Board also will pay for a minimum of $3.5 million in fieldhouse improvements, said Robert Vane, a spokesman for Mayor Greg Ballard.

    If the Pacers choose to leave Indianapolis after the three seasons, they would have to repay at least $30 million. That amount will decrease for each season they continue to play at Conseco.

    The new agreement is an addition to the existing contract, which runs until 2019 and includes other fees if the Pacers decide to leave early.

    http://www.startribune.com/sports/wolves/98235169.html
     

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