Pacers get $33 million to stay in. Would you stay in Indy for that?


Thumbnail image for Pacers_logo.gifDoes your city have an extra $33 million laying around?

Indianapolis does, apparently. Monday the city and the Pacers announced a new deal where the city will pour $10 million a year to cover operations at the Canseco Field House, plus put in another $3 million in the next few years in upgrades and renovations to the building.

In return, the Pacers promise not to leave, according to the Indianapolis Star. Or, they have to pay the money back if they do go. If they stay through 2019, they pay nothing back.

Canseco, like a lot of arenas, is taking a hit in this economy. Fewer tickets sold, less popcorn sold, fewer events coming through… you get the idea. And Canseco has been taking it on the chin.

The Pacers are one of those teams saying they are losing big money, about $30 million a year recently. They have an estimated $150 million in debt.

That said, owner Herb Simon and his brother bought the Pacers in 1983 for $10.5 million. A projected sale price was about $250 million. Even after the debt (which a new owner would take on some of) he clears a roughly $90 million profit. I could live on that.

Simon had pushed for years for the city to take on some of the operations cost of Canseco. He got his way.

But it brings up a debate that speaks to political preferences and how you view a sports team in a city.

Is it a citywide asset? Is a sports tea more than just entertainment, is it a part of the fabric of the city and an economic engine for people who work at an arena, who run bars nearby, who handle a number of ancillary businesses? That’s how the mayor of Indianapolis sees it.

“The mayor has said we need to protect the taxpayer and we need to protect the tax base,” said Robert Vane, deputy chief of staff and communications director for Mayor Greg Ballard. “This agreement does both.”

Or is a sports team a multimillion-dollar business? Owned by billionaires. Is this a cash-strapped city helping out a billionaire to make sure he doesn’t lose money on a poorly-managed investment? Considering the profit he turns if he sells the team tomorrow, it’s safe to consider it a business. And a good one.

Doc Rivers: Clippers might blow up roster if they fall short this season

Chris Paul, Blake Griffin DeAndre Jordan, Doc Rivers
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The Clippers have gone 56-26, 57-25 and 56-26 the last three years – clearing the commonly accepted 55-win bar for championship contention.

But they’ve also won only zero, one and one playoff series in that span.

Zach Lowe of Grantland:

The Clippers have had three cracks at it with Chris Paul, Blake Griffin, and DeAndre Jordan all in their primes, and they’re not afraid to admit the fourth could be their last — that another flameout will force them to ask whether the core has grown stale.

“We’re right on the borderline,” Doc Rivers tells Grantland during a long sit-down at his office. “I have no problem saying that. I’m a believer that teams can get stale. After a while, you don’t win. It just doesn’t work. We’re right at the edge. Oklahoma City is on the edge. Memphis, too. We just have to accept it.”

I disagree with Rivers.

It’s so hard to assemble a roster that can win a title, and the Clippers absolutely have one. If they fall short this season, they’ll probably still have a title-contending roster the following year. They shouldn’t throw that away just for the sake of change.

Paul (30), Jordan (27) and Griffin (26) are young enough for the Clippers to remain patient.

Rivers makes a good point later in Lowe’s article:

“You need luck in the West,” he says. “Look at Golden State. They didn’t have to play us or the Spurs. But that’s also a lesson for us: When you have a chance to close, you have to do it.”

The Warriors were the NBA’s best team last season, but they also got plenty of breaks. That’s why they won the title.

The Clippers might need more luck to win a championship, but it wouldn’t be an overwhelming amount. The better a team is, the less luck it needs. The Grizzlies can probably win a title with all the right breaks, but they need more than the Clippers.

It’s about being good enough to win with the right breaks.

The Clippers are that. They’ll probably be that unless they do something drastic.

Unless a lopsided trade comes around, I’d stick with Paul, Griffin and Jordan until they really prove they can’t win together. That would take years. A team not winning a title is not proof it can’t win a title. Every year, multiple teams can win a championship. Obviously, only one does.

Rivers has it good with his big three. This shouldn’t be a make-or-break year for them.

51 Q: Which coaches start the year on the hot seat?

Lionel Hollins
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Going into every season, there are a few coaches under pressure to perform or risk losing their jobs. This season, the operative word there is “few.” Looking around the NBA, most coaches are either new on the job or aren’t in any real danger of losing theirs. There are five brand-new coaches: Billy Donovan (Oklahoma City), Fred Hoiberg (Chicago), Alvin Gentry (New Orleans), Michael Malone (Denver) and Scott Skiles (Orlando). The coaches they replaced were mostly the ones whose names often came up in these discussions. Practically everywhere else, there is either a long track record of success or clear signs that ownership is happy with the job the coach is doing. Coaches who are actually on the hot seat are few and far between. But here are a few who might find themselves in trouble if their teams underperform:

Jeff Hornacek (Phoenix Suns): Two years ago, Hornacek was a Coach of the Year candidate for taking a team that was supposed to be one of the league’s very works and making them into almost a playoff team. Last season was another near-miss. This season, the Suns are once again on the bubble of being a playoff team — there’s a chance they could grab the eighth seed in the Western Conference, if a lot goes right. Hornacek deserves a lot of credit for their sooner-than-expected success. The only reason he’s on this list is the potential for a chemistry disaster on this roster. Between Markieff Morris‘ situation and another attempt at a two-point guard lineup (this time with Eric Bledsoe and Brandon Knight), there’s a lot that could go wrong, and if the Suns fall out of playoff contention. Hornacek could find himself in a little hot water. But that’s unlikely.

Lionel Hollins (Brooklyn Nets): Hollins has always felt like something of a short-term solution in Brooklyn. The Nets tried going young at the head coaching spot with Jason Kidd, who clashed with management over control before leaving for Milwaukee. This Nets roster is middling at best — some solid veterans, not a lot of young talent, no future hope to speak of unless they land a marquee free agent next summer. Their ceiling is the eighth seed and a first-round exit; their floor is a lot worse than that. It would take a catastrophic start to the year for Hollins to lose his job during the season, but there isn’t exactly a lot of long-term security in his position.

Derek Fisher (New York Knicks): It’s hard to see Phil Jackson firing his protege less than two years in, but the Knicks enter the season with the goal of competing for a playoff spot and a lot of potential to be worse than that. Don’t rule out James Dolan stepping in.

Steve Clifford (Charlotte Hornets): Clifford’s chances of losing his job during the season basically disappeared when Michael Kidd-Gilchrist went down with a shoulder injury that will likely keep him out the entire season. Without their best perimeter defender, the Hornets’ expectations are a lot lower than they would have been. Now, it’s hard to see them competing seriously for a playoff spot unless Jeremy Lamb makes a huge leap and proves himself capable of being an NBA-caliber starter. If they’re even competitive, it will be an enormous credit to Clifford, who is well-regarded around the league. The story would have been different if they had entered the season with a healthy roster and underperformed, but the MKG injury likely buys Clifford a year before this conversation starts up again.