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.
Everyone else thinks Dwight Howard is getting out of Houston this summer.
Jason Terry isn’t convinced.
Dwight Howard has a player option this summer, which he is expected to exercise and become a free agent. For one thing, he’d do it for the pay raise — he wants a max contract, starting at about $30 million. The other reason is he and James Harden have not blended in Houston, and Howard wants a fresh start.
But Jason Terry isn’t convinced yet. Terry was on SiriusXM NBA Radio and told Justin Termine and Eddie Johnson Howard may stay put. Here is the quote, via Hoopshype.
“I wouldn’t rule (a return) out. He has yet to opt out. Again, it’s just going to depend on if you get the right coach in there. At this point in his career, he’s not going to be the focal point offensively. They’ve made that clear. He’s gonna have to, if he remains in Houston, buy into the role fully, commit himself to setting screens, rebounding, running the floor, blocking shots and working on his free throws, obviously.”
In theory, a coach could come in and convince Howard to stay. In theory, I could capture Bigfoot and prove his existence to the world. Those have about the same odds of happening.
Forgetting the whole “Howard wants another max contract” thing, what Terry said about Howard accepting a role is the issue. Howard said he went directly to Rockets GM Daryl Morey and asked for a bigger role — and he was shot down. Howard does not want to accept a lesser role where his primary job is rebounding and defense, just like he never wanted to accept running more pick-and-roll and working less from the post even though he was much better at the former than the latter. Howard wants what Howard wants.
And I’d be shocked if he doesn’t want out of Houston.
A good rule of thumb: If LeBron James is getting few breakaway dunks, the other team is in trouble.
Enter the Toronto Raptors, who got to watch a dunking clinic by LeBron as he had multiple breakaways during the Cavaliers’ 38-point win on Wednesday night. LeBron played well, and the Cavaliers got a balanced attack from their stars — 25 points from Kevin Love, 23 each from LeBron and Kyrie Irving.
Watch LeBron’s night above. Toronto needs to find a way to keep him from having another game like this Friday.
After a beatdown at the hands of the Cleveland Cavaliers in Game 5 — a loss where he was just 5-of-12 shooting, a loss that has the Raptors on the brink of playoff elimination — Kyle Lowry did what he had to do and went in front of the media to answer questions and try to explain that loss.
But really, his face when he walked into the interview room and saw the box score summed up the Raptors night perfectly.
Lowry and the Raptors need to turn it around and win at home Friday night to keep their playoff dream alive another day.
The Memphis Grizzlies have found their man — Miami Heat assistant coach David Fizdale has been offered the head coaching job in Memphis. He’s a smart coach who earned the trust of elite players and was a key part of the staff that helped Miami to a couple of rings.
It’s a good hire. Don’t just take my word for it, check out what a couple Heat players from that era had to say.
Mario Chalmers had a first-hand view — he was traded from Miami to Memphis in the middle of last season. The point guard who went the other way in that deal, Beno Udrih, also helped push the deal along.
Fizdale is going to be a popular hire with the players. That said, if the Grizzlies can’t keep Mike Conley in free agency the team is going to have struggles this season, regardless of who coaches them.