The Indiana Pacers aren’t going anywhere.
Not that they were really going to. Still them staying put is good because Indiana is basketball country and you can see that in Bankers Life Fieldhouse, which is a building unlike any other in the NBA — it’s a tribute to the sport.
The Pacers and the City of Indianapolis reached a new 10-year, $160 million deal to keep the team in that building for at least another decade, something that will formally be announced next week reports the Indy Star.
The agreement locks the team into Bankers Life Fieldhouse for 10 years, with three one-year renewal options, according to documents obtained by The Indianapolis Star. In exchange, the city will provide $160 million to cover operating costs and facility upgrades….
The new deal appears to be more costly for the city than the current agreement with the team, though sports business experts say it’s in line with similar arrangements in other cities….
The Capital Improvement Board will subsidize fieldhouse operating costs to the tune of $3.7 million a year. That will cover things such as liability insurance, security and utilities. The CIB also will pay the fieldhouse’s manager $7.1 million a year, with that amount rising 3 percent each year. In addition, the CIB will provide $26.5 million to the Pacers for upgrades to seating, new paint and improvements to locker rooms and concessions.
We can have a debate if you want about whether a city should spend money to help a team worth an estimated value of $415 million (at least according to Forbes magazine). I personally don’t think cities should. That said there is no doubt this will get approved and there is some logic to it for the city.
The city of Indianapolis owns the arena and leases it to the Pacers for $1 a year, according to the report. This will keep the team in the building until the bonds used to build it are paid off. That’s smart. The city also is building up its downtown around the arena and needs it as an anchor to draw foot traffic to the area.
What’s undoubtably good out of this is that one of the early ABA teams is staying put in Indiana. The Pacers anywhere else would feel wrong.
Rudy Gay complained about how the Kings are handling the trade rumors swirling around him.
Sacramento general manager Vlade Divac, via James Ham of CSN California:
“He has my number,” Divac told CSN California. “If I do something, I will call him. Obviously, if I didn’t call him, we didn’t do anything.”
“Look, I was a player, 16-17 years in the league, nobody called me everyday and tell me what management is doing,” Divac said. “Management was doing their job. If something big happened, they called and told me. Obviously, nothing big happened (so) I’m not going to call anybody.”
I suppose Divac can take that tack. He’s obviously not obligated to provide Gay regular updates.
But the Kings already have a reputation for putting their players in bleak positions. This doesn’t help.
Even if Divac feels calling Gay is going out of his way, so what? The alternative — Gay either coming to training camp unhappy or spreading word of Sacramento’s mistreatment of players to his new teammates after a trade — is far worse.
It’s not enough for Divac to just wait for Gay to call him — especially because Divac might not be as reliable with the phone as he thinks.
The National Basketball Players Association has talked for more than a year about covering medical expenses for retired players.
Today, the union announced a formal plan.
The National Basketball Players Association (NBPA) announced today that its player representatives have voted unanimously to fund health insurance for all retired NBA players with at least three years of service in the league. This program is the first of its kind among North American professional sports. It also exemplifies the NBPA’s focus on the health and welfare of its current, retired and future members.
“The game has never before been more popular, and all the players in our league today recognize that we’re only in this position because of the hard work and dedication of the men who came before us,” said Chris Paul, NBPA President and nine-time All-Star. “It’s important that we take care of our entire extended NBA family, and I’m proud of my fellow players for taking this unprecedented step to ensure the health and well-being of our predecessors.”
The unanimous vote – which took place during the NBPA Summer Meeting in New York on June 26 – established a multi-faceted health insurance program through UnitedHealthcare, the country’s leading health benefits provider. The current proposal includes:
Retired players with between three and six years of NBA service time but who are not yet eligible for Medicare would be offered a plan that includes medical, hospital and prescription drug coverage with modest out-of-pocket costs for deductibles and co-pays;
Those with between seven and nine years of service would be offered the same coverage with even lower out-of-pocket costs;
Retired players with at least 10 years of service would be offered the same coverage as the seven-to-nine year players, and would include coverage for their entire family;
Retired players with three-nine years of service who are eligible for Medicare would be offered a $0 deductible and $0 co-pay plan along with a low-cost prescription drug plan; those with 10+ years of service to receive this coverage for themselves and their spouse.
The open enrollment period for retired players would begin this fall, with coverage beginning on January 1, 2017.
This is a good thing.
It also could become a bargaining point in Collective Bargaining Agreement negotiations. Should current players face the entire burden of insuring retired players, or should owners split the cost? (The fact that the question is even being posed paints players in a positive light.)
But back to the bigger point: This is a good thing. It’ll help retired players who need it, retired players who helped position the current generation to afford this. Kudos to the union for stepping up.
Warriors center Anderson Varejao will miss the Rio Olympics due to a back injury.
Where will Team Brazil turn now?
Likely to Bulls center Cristiano Felicio.
Marc Stein of ESPN:
Felicio came on strong late last season. He puts his 6-foot-10, 275-pound frame to good use protecting the paint and rebounding. He showed potential as passer and mid-range shooter, too.
At age 24, he’s a candidate to break out in the Olympics.
If he’s not ready, Brazil can turn to a steady veteran at center, Nene.
Blake Griffin broke his hand punching Clippers equipment manager Matias Testi in January.
Make that former Clippers equipment manager Matias Testi.
The L.A. Clippers equipment staffer who was punched in the face by Blake Griffin during a fight in Toronto earlier this year is off the team — and will NOT be back for the ’16/’17 season … TMZ Sports has learned.
We spoke with a rep for the Clippers who confirmed Matias Testi “no longer works for the team.”