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

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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.

Andrew Bogut signs to play in NBL in native Australia

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Back in January, the Los Angeles Lakers waived Andrew Bogut. He had a very limited role on a Los Angeles team that was not making the playoffs, serving as a backup big man against teams who use a traditional center. That’s not much of a role anymore. He’s a center who can pass, shoot from the midrange a little, and knows where to be defensively, but the game has evolved as Bogut’s skills have faded. Bogut tried to latch on with a contender for the playoffs, but could not find a team to take him.

So he is going home.

Bogut is signing to play for the Sydney Kings in Australia’s NBL.

Bogut was the first No. 1 draft pick from Australia when he was selected by the Milwaukee Bucks in 2005. He made the All-Rookie team that season, was All-NBA in 2010, but may be best known for his role as a crucial part of the defense of the NBA champion Golden State Warriors in 2015 (and his injury during the 2016 Finals is an underrated reason Cleveland was able to pull off a miracle comeback).

At age 33 Bogut may not have a spot in the NBA, but in the NBL he both will thrive for a few more years but also be a huge draw and get the welcome home from fans that he deserves.

When Lance Stephenson gets a traveling call, he earns it (VIDEO)

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Yes, guys get away with traveling in the NBA. James Harden on the step back (sometimes, not always), or guys sliding left/right to avoid a closeout at the arc and not bothering to dribble while they do it.

Lance Stephenson got called for traveling Sunday in the Pacers’ loss to the Cavaliers. In a game where Stephenson got under the skin of LeBron James and drew a technical (and tied him up for a jump ball at one point), this was the best Lance highlight of the game. Because if you’re going to travel, you should go all in.

Never change Lance. Never change.

Matthew Dellavedova steals pass, hits wild scoop shot at buzzer (VIDEO)

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Matthew Dellavedova is a hustler. Everybody knows that. Well, unless you want to argue he’s more about grit. It’s really your call.

But against the Boston Celtics on Sunday, Dellavedova came through with whatever you want to call it — hustle, grit, moxie, gumption.

As the first quarter wound down and the Celtics tried to inbound the ball, Dellavedova spied his opponents rolling the basketball in order to save time on the clock.

That allowed the Australian native to fly in and do this:

That’s a steal, a scoop, and a score all within 1.2 seconds.

Milwaukee won Game 4 and evened the series with the Celtics, 2-2.

Cavaliers tie series with Pacers in Indiana, 2-2

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Sunday night’s game between the Indiana Pacers and Cleveland Cavaliers was raucous. Bankers Life Fieldhouse was rocking, and despite Indiana’s best effort to put back seemingly every offensive board it encountered, LeBron James‘ 32 points was just too much to overcome.

Facing the possibility of going down 3-1 in the first round, the Cavaliers pulled out the win, 104-100, and sent the series back to Ohio for Game 5.

The game came down to the final period following a surge by the Pacers to end the third quarter. The teams were tied several times midway through the fourth, but a tip shot by Thaddeus Young wth 6:13 left gave the Pacers the lead as fans in Indiana went wild.

Cleveland then came roaring back. At the three-minute mark, James drove to the basket and scored. Thirty seconds later, Kyle Korver hit a big-time 3-pointer to put the Cavaliers up by four points, a mark the Pacers couldn’t recover from.

LeBron scored again with 1:52 left, and despite some weird late-game antics — featuring none other than Lance Stephenson — the Cavaliers were able to remain resolute down the stretch.

James finished with 32 points, 13 rebounds, and seven assists. Kyle Korver added 18 points on 4-of-9 shooting from deep, and Kevin Love had five points with 11 boards.

Victor Oladipo struggled for Indiana, scoring 17 points but shooting just 25 percent from the floor. Seven Pacers finished in double-digits, with Young notching an impressive double-double of 12 points and 16 rebounds.

Game 5 will be played in Cleveland on Wednesday, April 25.