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-   -   Pacers could move if financial losses continue (http://www.raptorsforum.com/f/f6/pacers-could-move-if-financial-losses-continue-7008.html)

Belsius 03-13-2009 12:04 AM

Pacers could move if financial losses continue
 
Quote:

INDIANAPOLIS (AP)—Indiana Pacers co-owner Herb Simon passionately says he doesn’t want to see the city without his franchise.

His wishes and the bottom line appear to be at odds.

Among the key issues for the struggling franchise is its operation of Conseco Fieldhouse. The building where the team plays its home games belongs to the Indianapolis Capital Improvement Board, and the Pacers have been paying its $15 million operating cost. Pat Early, the board’s vice president, said the Pacers have made it clear that they no longer can pay that amount, in part because they could lose $30 million this season.

Early said the Pacers haven’t threatened to leave, but the team would be forced to make some “very difficult decisions” if it remains saddled with the operating cost of the facility or if attendance continues to lag near the bottom of the league.

“It’s possible they could move the team,” Early said. “It’s possible they could sell the team. It is also possible they could shut the team down. What’s not possible is the Pacers losing the kind of money they’re losing this year indefinitely.”

Simon said he doesn’t want to move the team, though he acknowledges that the financial losses have accelerated the past three years.

“I have no thought of leaving Indiana,” he said. “Only a thought of preserving the Pacers and keeping them in Indiana. That’s the only issue right here.”

Pacers could move if financial losses continue - NBA - Yahoo! Sports

iRaptor 03-13-2009 12:10 AM

Where do you think they will move to? Back to seattle? I heard San Diego is the next 2.

aingaran 03-13-2009 12:34 AM

There aren't too many cities in the US that can support an NBA franchise with this economy.

NaturallyStoned 03-13-2009 12:44 AM

Seattle part deux.

Nites 03-13-2009 04:05 AM

Quote:

Originally Posted by iRaptor (Post 159519)
Where do you think they will move to? Back to seattle? I heard San Diego is the next 2.

The owner of the Canucks is thinking about buying the franchise here in Vancouver.

Windex 03-13-2009 05:25 AM

Indiana is the home of basketball, it would bad if the Pacers left.

fancylad 03-13-2009 07:14 AM

hmm.... it will be interesting to see just how hard the economy slips in the next while. I wonder if this could lead to a restructuring of the salary cap and bringing in more of a hard cap like they have in the NHL. It was bullshit what happened in Seattle, and i actually think moving the Pacers would look even worse.

Ugo Ferst 03-13-2009 09:53 AM

nobody wants another team in canada, believe that isnt happening.

Windex 03-13-2009 10:00 AM

they could move to Vegas or KC

NaturallyStoned 03-13-2009 10:06 AM

Vegas would be a horrible choice of city for a franchise.

Ugo Ferst 03-13-2009 10:07 AM

fastest growing city in america with no big market teams? i dunno, because the ASG didnt work out, i wouldnt rule it out completely, they def have corporate $ there.

NaturallyStoned 03-13-2009 11:04 AM

Old article, but it does highlight some of the problems i can see standing in the way of a professional franchise in Vegas.

Vegas looks for love from NBA - NBA - ESPN

And if it is in any way possible, i'd have to assume that the maloofs would have dibs on LV.

If i'm to guess, i say KC is the most likely choice, with Louisville being an unlikely outside bet. Would another team in NY be viable?

Btw, this guy's claiming he lost money on all but two seasons,including the year they made the nba finals, and it's only coming out now? Sorry, but hat's just pure BS. If the Pacers can’t make money with an NBA Finals appearance (not to mention one of the best and newest stadiums in the league) then they shouldn't be an NBA city. Simple as.

Nites 03-13-2009 04:48 PM

Quote:

Originally Posted by Ugo Ferst (Post 159596)
nobody wants another team in canada, believe that isnt happening.

We already have the practice facility and the arena to support a team already.

jeffb 03-13-2009 06:06 PM

Quote:

Originally Posted by 007nites (Post 159547)
The owner of the Canucks is thinking about buying the franchise here in Vancouver.

Vancouver will never get another franchise imo.

Superjudge 03-13-2009 06:21 PM

the nba is crumbling

Someguy again 03-15-2009 03:42 PM

They can't move that historic franchise, I was pretty pissed when they moved seattle too.
seriously, change Minnesota and head it towards Vegas.
with all the casino money that city generates they could actually be a thriving franchise.
and one all star-game took play there right?

zachus 03-15-2009 05:22 PM

Quote:

Originally Posted by NaturallyStoned (Post 159605)
Vegas would be a horrible choice of city for a franchise.

Vegas has the facilities - the NBA has said it needs the city to tone down its sports betting before they'll put a team there.

One of the requirements for Toronto getting an NBA team was that NBA proline had to be banned.

Gurk 03-15-2009 05:26 PM

Thank god they banned it or my beloved team wouldn't exist

zachus 03-15-2009 05:30 PM

I know a lot of bitter gamblers.

NaturallyStoned 03-15-2009 06:00 PM

Quote:

Originally Posted by zachus22 (Post 160765)
Vegas has the facilities - the NBA has said it needs the city to tone down its sports betting before they'll put a team there.

One of the requirements for Toronto getting an NBA team was that NBA proline had to be banned.

Their 2 current arena's are nothing to write home about. They're antiquities compared to Kansas City's Sprint Center. I think there was talk of plans for a new stadium but that talk died down a while ago.

Also, i'm not convinced they could muster a fanbase to support a team. They're competing with shitloads of other entertainment options, and i'm guessing a significant portion of the city's population works at night. They'd also be one of the smallest television markets in the league from what i understand.

Kansas City's the safest option if i'm an owner imo.


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