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24.06.2019 05:53
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INDIANAPOLIS - The Pacers biggest win so far this season came Monday — off the court. Cheap Joe Morgan Jersey . One day after breaking out of a slump by beating Oklahoma City and hours before Miami rested its star players, essentially ceding the top seed in the East, the citys Capital Improvement Board approved a new deal that would help the Pacers stay financially competitive in one of the NBAs smallest markets. In exchange for providing $164 million to pay for operating costs at Bankers Life Fieldhouse over the next 10 years, the Pacers agreed to extend a lease agreement that will keep them in Indy for up to 13 more seasons. Board members voted 8-0 in favour of the deal. "This is a major factor helping us get on solid financial ground going forward," Pacers president Jim Morris said Monday. Its not the first time the Pacers have sought public assistance. Three years ago, team owner Herb Simon contended that he was losing money and could not continue to afford paying $15 million in annual operating costs. The CIB stepped in and agreed to spend up to $33.5 million through 2013. Now the quasi-government agency that runs Bankers Life Fieldhouse, home of the citys NBA team and WNBAs Indiana Fever; Lucas Oil Stadium, home to the NFLs Colts, and the citys convention centre will spend in excess of $10.8 million annually over the life of the deal. The contract runs for 10 years and includes three one-year extensions with the Pacers having the option for the first of those years. The last two will be mutually agreed upon. In return, the Pacers have agreed to stay at Bankers Life Fieldhouse and will give city leaders the "right of first offer" in the event the 79-year-old Simon dies and his heirs attempt to sell the team. The provision means the city could designate a new potential owner and that person would be able to make the first offer on the team or could match an offer from someone else. "With this agreement, one of our citys most important facilities will get some critical upgrades and continue to be home to some of our most amazing events," board president Ann Lathrop said after the vote. Critics argue that Simon, who is estimated to be worth more than $1 billion according to Forbes magazine, should foot the bill and that city leaders should fix roads and find more money for its understaffed police department. Mayor Greg Ballard contended the money in this deal couldnt be spent on those services anyway, though the new deal could create more money for those purposes. "By law, this money cant go there anyway," he said. "Its Economics 101. Youre trying to create more revenue for everything else. The assumption is that the pie is one size and thats not true at all. Youre trying to expand the pie." Simon has been frugal with his payroll. Larry Bird, the president of basketball operations, has made it clear Simon will not pay the NBAs luxury tax — the penalty for going substantially over the leagues salary cap. And the CIB investment should help the Pacers bottom line. The deal calls for the board to pay: — $3.7 million annually for fieldhouse operating expenses such as liability insurance, security and utilities; — $7.1 million in reimbursements for management of the arena, a price that includes an annual 3 per cent annual escalator clause: — $26.6 million in capital improvements to "major systems" such as locker rooms, concession stands and seating; — and half of the cost from the scoreboard the Pacers installed two years ago, taking over ownership at the end of the lease. The Pacers and Fever are the primary tenants at Bankers Life, but the arena hosts up to 500 different events throughout the year — everything from Indiana state basketball championships to concerts and other shows, all of which experts say helps the city prosper. But its the Pacers who needed the most help, and Morris believes this deal will keep them more competitive for the long run. "Were doing better," he said. "Weve had 28 sellouts this year, our attendance is up 15 per cent and our sponsorship is up. But weve had a tough 10 years and weve had substantial losses. Were making progress. For 10 or 11 years, we tried to find a way for the franchise to pay for the operating expenses of the building and we just couldnt." Cheap Chris Sabo Jersey . Dirk Nowitzki scored 25 points, Shawn Marion had 22 and the Mavericks beat undermanned Philadelphia 124-112 Friday night, handing the 76ers their 10th straight loss. Cheap Johnny Bench Jersey . The Canadian skicross racer appeared to have the bronze medal locked up in the mens final at the 2010 Vancouver Olympics, only to wipe out while trying to make a pass in the biggest moment of his career. http://www.cheapredsjerseys.com/ . Ryan Callahan trade talks caught a lot of people off guard. Details are now emerging about why the Rangers would consider such a move. Darren Dreger: He wants a lot of money. Its been widely reported that Callahan is looking for a seven-year term around $6 million per year. That is not accurate. Im told that it is more than $6.TORONTO - Daniel Nestor will go back to the future in 2014. The doubles king from Toronto will team with former partner Nenad Zimonjic next season in hopes of erasing memories of a poor 2013 campaign. "Im playing next season with Zimonjic," Nestor told The Canadian Press at his last tournament stop in Vienna. "Well see how it goes. "Of course theres nothing permanent in doubles these days," he joked. "But we feel it would be a great injustice if we never played again considering how well we played over three years together. "We both want to see if we still have an magic." Nestor, the only man with more than 900 career doubles wins, achieved some of his best career results with the big-hitting Serb at his side. The pairing accounted for three of the eight Grand Slam titles held by the record-setting Nestor. He and Zimonjic claimed back-to-back Wimbledon crowns during a golden run on the grass in 2008-09, with the pair also combining for the French Open trophy in 2010. Nestor and Zimonjic parted company at the end of 2012, capping their time together with a title at the year-end World Tour Finals in London. Nestor then teamed Max Mirnyi of Belarus, winning eight titles together — including two French Opens — over two seasons. Nestor has had a variety of partners this season and has won only a single title, teaming with Leander Paes at Winston-Salem the weekk before the U. Cheap MLB Jerseys Authentic. .S. Open. As a result, there will be no appearance at the year-end final for Nestor this year. The veterans season will end after next weeks Paris Masters. Nestor is teaming this week in Basel with Davis Cup teammate Vasek Pospisil of Vernon, B.C., after losing last weeks Vienna final with Austrian partner Julian Knowle. "The season has certainly been frustrating for sure," Nestor said. "But there have been good times also. Weve played good Davis Cup matches and the past two months have not been so bad for me, just some poor luck. Nestor and Pospisil were up a set and a break against the Bryan brothers in the third round of the U.S. Open before losing. In Shanghai, Nestor and Paes had two match points against former partner Robert Lindstedt and Pospisil but couldnt capitalize. "If you can win these kind of matches you get on a roll. Its very frustrating to lose them but its nothing tragic, "Nestor said. "I had years when my teams were winning them." The Canadian is hoping to make the next two weeks count for him on court. "My ranking (18th in doubles) is where it is because of my play," he said. "There have been times Ive played well and times when Ive not been good enough. "Ill be finished (with this season) soon, theres no London for me. I just want to play well and then enjoy life (until next season)." 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