Pacers, city of Indianapolis strike 10-year, $160 million deal to keep Pacers in Indiana

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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.

Ben Simmons reps ‘Egg Boy’ on shoes (PHOTO)

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The internet has tried to raise several thousand dollars for Will Connolly, better known as “Egg Boy”, after he slapped an egg on the head of New Zealand senator Fraser Annig. As of publication, the Go Fund Me has more than $71,000, which will be donated to the victims of the Christchurch mosque shootings.

Connolly went viral as the perfect, realtime response to the racist views espoused by Annig, who spoke of anti-immigrant (and anti-Muslim) rhetoric directly following the Christchurch massacre despite himself being an immigrant to New Zealand.

Thanks to his courageous act, Connolly has become a kind of internet sensation. A native of Australia, Connolly got a little recognition by countryman Ben Simmons on Tuesday.

Via Twitter:

Gen Z is going to save us.

Report: Markelle Fultz is moving rehab from L.A. to Orlando

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Orlando Magic coach Steve Clifford has already said that former No. 1 overall pick Markelle Fultz is not expected back on the court this season. Fultz was traded back in February from the Philadelphia 76ers to his new home in Central Florida.

Now it appears that Fultz will be doing his rehabilitation back in Orlando. According to a recent report from Josh Robbins, Fultz will shift his rehab from Los Angeles to Florida from here on out. To that end, Fultz said he wants to be closer to his new teammates.

Via The Athletic:

“I think it’s what’s best for me and the team,” Fultz said after he watched practice Tuesday. “(It’s beneficial) just being around these guys, so they see my face and I see their face. I’m going to learn as much as I can. As we make this push for the playoffs, I want to be here with my guys and just support them.”

Fultz is still trying to get his shoulder right, and not to mention his shooting stroke and comfortability on an NBA floor. If anything, his return back to the Magic organization should be seen as a good sign, especially as the season comes to a close. A lot of players already spend their offseason in Los Angeles, so the idea that Fultz would want to return shortly before the Magic season ends is encouraging.

We don’t have a timeline for his return just yet, but at this point Fultz is a reclamation project that Orlando is happy to have under their guidance. If they can turn him into an NBA player, they could have something special at a relatively low asset cost.

Report: Doc Rivers agrees to an extension with Clippers

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Doc Rivers will be staying with the Los Angeles Clippers.

According to multiple reports, Rivers and owner Steve Ballmer have agreed to an extension that will keep Rivers with the Clippers organization “long term”.  Some earlier rumors had Rivers potentially being a candidate for the Los Angeles Lakers, who are presumed to have an opening this summer. But Rivers told reporters on Tuesday that he isn’t going to be heading across the hall, and that he’s happy where he is.

Via Twitter:

Rivers has led the Clippers to a surprising season, one that should result in a postseason bid despite a sort of ramshackle roster.

I think Rivers’ legacy was called into question following the departure of both Chris Paul and Blake Griffin, but his ability to create a winning atmosphere in L.A. in a post-star era for the Clippers is a testament to his ability.

Of course, Rivers might not have to go without a star for too long. Rumor has it Kawhi Leonard still favors the Clippers as a top destination this summer should he choose to leave the Toronto Raptors.

A fan paid nearly $7,000 to see LeBron and Giannis, then got neither

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March in the NBA can be a bit of a gamble for fans looking to score tickets as a means to watch their favorite players play. On good teams or bad, stars are subject to rest this late in the season.

Apparently one fan found that out the hard way after shelling out several thousands of dollars to see Giannis Antetokounmpo square off against LeBron James on Tuesday.

With the Milwaukee Bucks and Los Angeles Lakers set to go head-to-head in Wisconsin, neither Antetokounmpo or LeBron will be on the floor. That’s going to upset one fan who, according to Darren Rovell, paid $6,970.50 for courtside seats.

I had a friend have this happen to him recently. Expecting a trip to New Orleans, he purchased tickets to watch the Pelicans play the Portland Trail Blazers earlier in the year. His tickets were for several rows behind the Blazers bench, and although they weren’t too expensive, no doubt they would have left wallet a bit thicker if he would have known that Anthony Davis would not have been playing.

Stay home, watch the game on your 4K television, and have a private bathroom and fridge. I know I shouldn’t tell you not to go to NBA games, but at least this wouldn’t happen to you if you stayed home.