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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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American League mid-term grades >>
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MySportsbook.com refunds all bets on Oakland, Green Bay and Tampa Bay from NFL week one.

(September 14) – Week one of NFL action saw three teams go scoreless for the first time since 1977.  Another four were unable to get a touchdown and almost half of the underdogs covered the spread. Those three teams saved bettors at MySportsbook.com from losing out completely, thanks to the company’s unique NFL Shutout Rule -- which ensures that if the team you backed goes scoreless, your wager is refunded.

Sportsbook refunded tens of thousands of dollars to customers who bet on Oakland, Green Bay and Tampa Bay, the three teams that stunk up the field so badly that their fans and backers never had a chance to get up from their couches and cheer.  In the spirit of the low scoring start to the season, odds makers at the world’s largest online sportsbook and casino have set odds on how many total shutouts there will be this season. 

MySportsbook.com has posted updated sports betting lines for week two of the season.  Ben Roethlisberger’s health status is still questionable, so Willie Parker will try to lead Pittsburgh again as they travel to Jacksonville as a one point favorite.  After beating up on his little brother last week, Peyton Manning will look to lead the Colts to victory against Houston. Indianapolis is a whopping 13.5 favorite in the match-up.

Seattle, last year’s highest scoring team, showed the power of their defense with their gritty 9-6 win in Motown over the ravenous Lions.  They take their act back home to the comforts of Qwest Field where they will face the resurgent Arizona Cardinals.  The Seahawks are favored by a touchdown. 

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