The Indiana Pacers Need a Taxpayer Bailout
NBA March 13th. 2009, 12:45pm
The once-proud Indiana Pacers – the franchise of Reggie Miller’s heroics, Ron Artest’s thuggery, and zero NBA titles – are hemmoraging money according to the team’s owners. They claim the Pacers have lost money nine out of the last 10 years, and $200 million total since the Simon Brothers bought the team in 1983. Who’s going to save the day, and prevent the team from moving to another city? The taxpayers.
Unless, of course, the Indy Star can convince them otherwise.
I’m sorry, Brothers Simon, but we can’t afford to further subsidize your sports enterprise — at least not to the levels being discussed. We sincerely appreciate the upstanding corporate citizens you have been. We’re sorry you’re losing money on your NBA franchise. We regret that you feel you can’t continue to suffer your team’s financial burden. But, ultimately, that’s your problem. Not ours.
This is shaping up as an interesting showdown – one that could play out in multiple sports in multiple cities this year and next as the world waits for Armageddon.
States, cities and school districts are laying people off, and there’s going to be a headline about giving money to a new basketball team?
Guy’s got a point.
Sorry, Pacers, the answer’s no (Indy Star)
62 Responses to “The Indiana Pacers Need a Taxpayer Bailout”
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March 13th, 2009 at 12:49 PM
I can see contraction happening in every major sport, sans the NFL, within the next 7 years.
March 13th, 2009 at 12:54 PM
I think that’s probably a good thing, but that’s just my opinion.
March 13th, 2009 at 12:59 PM
i remember the good ol’ days when a buisness wasnt successful it closed up shop.
March 13th, 2009 at 1:05 PM
7 years? way too generous. think 3.
March 13th, 2009 at 1:05 PM
I don’t disagree. For the most part, pro sports (and college for that matter) have been living high off the hog, similar to how the rest of the country has been. There just won’t be the amount of money floating in many cities to support multiple teams, at least the way that luxury boxes, tickets, advertising money, concessions, etc… are priced today.
March 13th, 2009 at 1:08 PM
If it’s comes down to either a tax bailout or Smits getting a haircut, my vote is firmly with the former.
March 13th, 2009 at 1:08 PM
Yeah, maybe less money in sports will make it more about sports again.
March 13th, 2009 at 1:09 PM
For hockey, yes, 3 years sounds right. For basketball and baseball, it might take another 4 years for it to actually happen. Now, maybe the economic situation speeds things up, but it will happen.
I thought I was the leader of the doom and gloom crowd, but I think TBL has me beat!
March 13th, 2009 at 1:10 PM
St Louis
March 13th, 2009 at 1:12 PM
Contraction is not gonna happen because the economy is going to come back.
March 13th, 2009 at 1:12 PM
Rik Smits is about to bury that jumper right in someones grill. It probably wont even touch rim.
March 13th, 2009 at 1:13 PM
From your lips to God’s ears.
March 13th, 2009 at 1:13 PM
Awesome choice of picture. The Dunkin’ Dutchman is still missed.
March 13th, 2009 at 1:19 PM
Awesome choice of picture. The Dunkin’ Dutchman is still missed.
Shit, I didn’t look close enough….thought it was Dunleavy!
March 13th, 2009 at 1:20 PM
7 years? 3 years? How about last year?
March 13th, 2009 at 1:20 PM
Only NFL teams should get government assistance because they bring so much money to the cities.
/mjrjjr
March 13th, 2009 at 1:21 PM
michigan state slowly starting to pull away and look like a No. 2 seed
March 13th, 2009 at 1:26 PM
this VT PG delaney is destroying fraser
March 13th, 2009 at 1:26 PM
oconnody, I thought we were talking about sports teams.
March 13th, 2009 at 1:32 PM
jeff allen’s 4th foul … ugh. 11 mins left, VT leads by 6
March 13th, 2009 at 1:37 PM
just dont see how VT can hang on and win this. dont play enough D.
ellington layup and 1 tie it at 68 with 811 left.
PLUS vassallo, who’s been hot, now has 4. dont think seth g can wait long.
March 13th, 2009 at 1:39 PM
The officiating is complete garbage. The ACC has an agenda to see that UNC and Duke meet in the finals.
March 13th, 2009 at 1:42 PM
Air Smits was money, as was the entire Pacers 1998 team who shaved their heads. Although this was a great moment in Pacers lore…http://farm1.static.flickr.com/21/32616352_79f7e353d4.jpg?v=0
March 13th, 2009 at 1:44 PM
630 – vassallo and green are back.
i have given up on Minny +7.5
gophers have no offense at all
March 13th, 2009 at 1:45 PM
delaney! three!
this kid is playing awesome
March 13th, 2009 at 1:45 PM
no goaltend????
March 13th, 2009 at 1:46 PM
vt has had soooo many chances here
fuck
up 3, under 4 to play
March 13th, 2009 at 1:47 PM
VT should consider boxing out.
March 13th, 2009 at 1:47 PM
green 2-for-13
but unc is just killing on the glass
dammit, down to 1, 330 left
March 13th, 2009 at 1:48 PM
whew
thought vassalo was going to get a charge there on green
vt up 3
March 13th, 2009 at 1:51 PM
on a dare, watch a few mins of the ACC game, and then switch to the big 10 game. startling
March 13th, 2009 at 1:53 PM
why jack that 3? what a waste of a possession
dammit.
March 13th, 2009 at 1:53 PM
what an awful call.
March 13th, 2009 at 1:53 PM
Right, TBL. You can actually see defense being played in the Big 10.
March 13th, 2009 at 1:54 PM
vassallo, what a monster!
VT by 1, 40 seconds left
March 13th, 2009 at 1:55 PM
if im VT, i take a shot with 3 seconds left, dont give UNC a chance to win it. fuck hansbrough, man. dammit
March 13th, 2009 at 1:56 PM
this loss is gonna hurt. i miss a nice payday, VT misses the tourney. blast.
March 13th, 2009 at 1:57 PM
what a mess that was
geez
VT still has the ball, though …
March 13th, 2009 at 1:58 PM
TBL I felt like I was at the game with your commentary. You should bet on every game.
March 13th, 2009 at 1:59 PM
WHAT????? dont even get a shot off? are you fucking kidding ??????
debacle. absolute fucking mess.
March 13th, 2009 at 1:59 PM
Wow. Even the refs want UNC to win. Unbelievably horrible call there.
March 13th, 2009 at 1:59 PM
omg, hansbrough mugged the shit out of him
March 13th, 2009 at 2:00 PM
same ole same ole in the ACC
March 13th, 2009 at 2:00 PM
come on tyler, choke time, buddy …
March 13th, 2009 at 2:01 PM
still, part of the blame goes to VT for drawing up 2 shitt plays after timeouts. neither of them went anywhere at all. so bad.
this fucking blows.
March 13th, 2009 at 2:01 PM
Hansbrough willed that jump ball
March 13th, 2009 at 2:02 PM
i wouldn’t say mugged him, it was more like a tie up there champ.
March 13th, 2009 at 2:03 PM
looked like a clear jump ball after watching the replay..
March 13th, 2009 at 2:03 PM
The ACC should be embarrassed.
March 13th, 2009 at 2:03 PM
So VT had to win this game to be in? I feel like they’ll get some consideration for how close a game this was.
March 13th, 2009 at 2:04 PM
fucking unc wins. fuck those cocksuckers. i will be rooting heavily against them in march.
March 13th, 2009 at 2:06 PM
all because you lost your bet?
March 13th, 2009 at 2:06 PM
It’s not enough to have a roster full of talent, they’ve got the refs in their back pocket too. It’s beyond disgusting.
March 13th, 2009 at 2:06 PM
hey, look at that! minnesota within 6 with a minute to play! i can make a few bucks here !
or not. nice try, scrubs
March 13th, 2009 at 2:07 PM
On the positive side, Gophers are within 5 with a minute left…
March 13th, 2009 at 2:08 PM
young – nah, it’s bullshit. you play an entire half and UNC has 3 FOULS with a minute left? Meanwhile, VT’s best two players are saddled in foul trouble, and one fouled out.
VT fucked up play calling in the final minute, and that blows.
but the refs are abominable today.
and the jerkoff committee is going to go in the room and saying, ‘yeah, creighton.’ F life.
March 13th, 2009 at 2:13 PM
TBL, you’re just a UNC hater.
March 13th, 2009 at 2:17 PM
Nationally, I think Duke has the reputation for getting all the calls, but within the ACC, there’s no question that it’s the Heels. What you saw today has been the norm for the past 30 years, and I’m not exaggerating.
March 13th, 2009 at 2:20 PM
Carolina gets way more calls than Duke. I hate both of them, but if the University of North Carolina got shut down I would be a happy man.
March 13th, 2009 at 2:30 PM
It is now BOTH teams. It’s great when they play each other and each claim that their team got screwed.
I would have loved to play for a team that got the benefit of doubt that both Carolina and Duke get. Drive to the basket, lose ball, shoot free throws. Slide under guy driving to basket, fall down, get charging call. It must be great to always be the beneficiary…
March 13th, 2009 at 2:36 PM
thats funny because there aren’t any ridiculous videos of UNC getting these calls only duke
March 13th, 2009 at 2:49 PM
VT had 19 fouls, UNC had 14.