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Pacers Links: Pacers, CIB agree to one-year extension on Fieldhouse deal; Ben Hansbrough gets his shot

The Indianapolis CIB will extend their deal with Pacers Sports and Entertainment for another year while working on a long-term solution.

Andy Lyons

The Indianapolis Capital Improvement Board, which runs Indy's sports and convention center facilities, agreed to extend the deal with the Indiana Pacers, essentially adding a year to the 3-year deal that expired this year. The CIB will pay the Pacers $10 million in two separate payments while the two parties try to work out a long-term deal.

Pacers Sports and Entertainment runs Bankers Life Fieldhouse so the CIB is working with the Pacers to help manage the Fieldhouse. This money does not go into the Pacers basketball fund to go out and find another point guard.

Help should be on the way for the basketball side of the ledger as well with the NBA's new revenue sharing model. According to Sports Business Journal, the Pacers project to gather upwards of $20 million next year in revenue sharing under the new CBA agreement. If that is the case, the Pacers will be in far better shape to compete among big market NBA teams in the years to come since other future salary cap penalties will make it hard for teams to stockpile high-priced talent.

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