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.
Despite the Warriors’ loss in the Finals, it’s been a good summer for Harrison Barnes. He signed a four-year, $94 million deal in Dallas and won a gold medal with Team USA at the Olympics in Rio de Janeiro. And maybe best of all, he got engaged on Saturday night, as he revealed on Twitter:
Congrats to Barnes and his new fiancée.
Shortly after winning a title with the Cleveland Cavaliers, veteran guard Mo Williams picked up his $2.2 million option for next season, choosing to take the guaranteed money on the table for him rather than test free agency at age 33. But he might not be with the Cavs this season — the Cleveland Plain Dealer‘s Joe Vardon reports that Williams is considering retiring from playing due to lingering knee problems, and the Cavaliers could waive him under the stretch provision in the coming days.
Williams, 33, a 13-year veteran and former All-Star who played a supporting role in the Cavs’ 2016 NBA championship, is strongly considering retirement, multiple sources told cleveland.com.
From Williams’ side of this, he battled a left-knee issue for most of last season while playing in just 41 regular-season games, as his playing time dwindled once Irving returned from knee surgery and the coaching staff chose to stick with Matthew Dellavedova as Irving’s backup.
Sources said his balky knee, desire to coach — especially younger players and children — and the obvious chance to go out as a champion are weighing heavily upon him.
Vardon reports that the Cavs are considering stretching him before the August 31 deadline, but are holding off for now because they want to leave open the possibility of a trade with another team to take on his salary. Either way, it looks as though Williams is done after 13 seasons in the NBA.
I’d say the obvious — it’s sickening to turn a murder of a mom of four, a genuine tragedy, into a political opportunity — but that has become the way of politics. What line of decorum?
None the less, it’s sickening. Republican presidential nominee Donald Trump tweeted about the tragic death of Dwyane Wade‘s cousin Nykea Aldridge, who was pushing her stroller down a Chicago street this week when two men got into a gunfight (reportedly gang-related) and a bullet killed Aldridge.
Trump tweeted what you see below (actually, what is below is a tweet edited by his staff, the original one misspelled Wade’s first name, putting “Dwayne” instead):
Later, this Tweet came up, again from his staff.
(So you know, you can tell which tweets come from Trump and which from his aids based on the device used to post it.)
Trump’s Tweet is part of his recent apparent attempted outreach to minority voters, which is not about them and more about trying appease concerns of white, middle-class suburban voters (for example, outside Philadelphia, in a swing state). Polls show Trump struggling with those suburban voters, in part because they see him as bigoted.
As you might expect, Twitter unloaded on Trump for his tone deaf and incendiary Tweet. Not that he cares, people are talking about him and that seems his primary goal. Actor Don Cheadle was one of the most prominent.
It’s sad this has become a focus and not Nykea Aldridge — and what can be done to prevent the next Nykea Aldridge.
The relationship between Derrick Rose and Jimmy Butler was the subject of much scrutiny last season in Chicago. Reports of tension between the two stars never fully went away, and they proved to be an awkward fit together on the court. But any hard feelings between the two of them appear to be in the past as Butler posted a photo on Instagram of the two former teammates (and Rose’s son, P.J.) hanging out together at a Dodgers game in Los Angeles, where they both work out in the summer.