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Pacers reach agreement with Indianapolis

Basketball Betting Lines

07/12/2010 - Indianapolis, IN (Sportsbook Betting Lines) - The Indiana Pacers and the city of Indianapolis have reportedly reached an agreement that will keep the team in Conseco Fieldhouse for at least three more seasons.

According to the Indianapolis Star, the city will contribute $10 million annually over the next three years in costs to help the Pacers run the operations of Conseco Fieldhouse and will pay at least $3.5 million for improvements to the building.

The Pacers, in turn, must remain in the city through the 2012-13 season or repay the entire $30 million. The contract with the city and the arena expires in 2019. If the team leaves after the initial three-year period and before 2019, it would also be responsible for paying back the city a portion of the $30 million, plus the estimated $20 million in termination fees called for in the contract.

Pacers owner Herb Simon purchased the team with his late brother, Melvin, in 1983.

The Star said Simon wants a long-term agreement with the city, despite the fact that the team loses an estimated $30 million per year.

Indiana was just 32-50 last season and missed the playoffs for a fourth straight year.


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<< Ferreira equalizer forces Seattle to share points with Dallas
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139th British Open Championship Preview >>
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American League mid-term grades >>
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Blackhawks re-sign assistant coach Haviland; add Kitchen to staff >>
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Seven finalists return to Walter Payton Award Watch List >>
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Mens NCAA Basketball Tournament odds  
As of February 9, MySportsbook.com has released its coveted 2007 Mens NCAA Basketball Tournament betting odds. “March Madness betting ” only a month away, the top ranked Florida Gators are favorite at 7-2 to win it all. The defending champs have not disappointed at all this season and currently have a 22-2 record and are undefeated (9-0) in SEC play. The Gators’ thrive off of their extremely balanced, experienced and versatile attack. All five starters started in last seasons National Championship game. What is most impressive with this group is their balance; the five starters all average between 10.7 and 13.6 PPG. The Gators have been on an absolute roll having won 15 straight by an average of 16.4 PPG.

Right behind the Gators are the 5th ranked UNC Tar Heels at 9-2. The Heels (21-3, 7-2) are absolutely loaded with top notch talent and are as deep as any team in the country. A concern for the Tar Heels might be inexperience. Of their top four scorers/ minute earners, three are freshmen and the other is a sophomore. The rest of the regular season, the Tar Heels play only one team that is currently ranked (Duke). Their remaining opponents do combine for an impressive 107-58 record though.

Other teams that the MySportsbook.com members seem to believe will win it all include the west coasts’ top team #2 UCLA (6-1), #3 OSU behind man-child Greg Oden (8-1), and #4 Wisconsin (10-1) behind their defense which has given up 70+ points only three times all season.

Below is a list of some of the favorites to win the 2007 Men’s NCAA Basketball Championship lines. For the full list of teams and March Madness odds be sure to log onto MySportsbook.com. If you want to use your credit card to bet on college hoops or any other event, MySportsbook.com has the highest credit card acceptance rate in the industry.

Arizona 20-1

Butler 20-1

Duke 30-1

Florida 7-2

Georgetown 30-1

Indiana 35-1

Kansas 15-1

Marquette 25-1

Maryland 40-1

Memphis 50-1

Nevada 50-1

UNC 9-2

OSU 8-1

Oregon 30-1

Pittsburgh 15-1

Texas 30-1

Texas A&M 18-1

UCLA 6-1

Wisconsin 10-1

To visit this online sportsbook got to MySportsbook.com for all your Sportsbook betting needs.