HoopsHype Herb Simon rumors

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March 20, 2015 Updates

With the Indiana Pacers languishing in public perception and on the court in 2007, team co-owner Mel Simon approached his brother and co-owner Herb about selling the team, according to a lawsuit filed in Colorado. Bren Simon, Mel Simon's widow, is suing the Internal Revenue Service in U.S. District Court for return of $21 million that she paid in protest. She contends the IRS improperly interpreted money Mel received from an ownership reorganization of the Pacers in 2009 as a gift. Indianapolis Star

The Pacers' ownership reorganization, according to the lawsuit, came after Herb Simon wanted to retain ownership and Mel Simon grew tired of funding losses for a team "hemorrhaging cash." The lawsuit says the team's 2004 brawl at a game in Detroit, where players entered the stands to confront fans, started the franchise's financial troubles. It mentions subsequent player arrests as causing the team to become "a civic and family embarrassment." Indianapolis Star

December 16, 2014 Updates

Indiana Pacers owner Herb Simon said he would personally be fine with bringing back Lance Stephenson in a trade, however the judgment would be up to the front office. "I'd be OK with it but it's not up to me. Larry (Bird) has to decide if he fits," Simon told The Star prior to Monday's game against the Los Angeles Lakers. Indianapolis Star

Several deciding factors would determine the Pacers' interest in Stephenson, said Simon, and a huge consideration would be chemistry. "First of all, we don't know if they're really trading him, at least I don't know," Simon said about the Hornets. "I know they made some calls and we would have to (figure out) how he fits back into the team. Those are all basketball decisions and Larry and Kevin (Pritchard) are the best to answer that. "We have the best basketball minds in Larry Bird and Kevin Pritchard and they're working on it every minute of every day. So, something will happen." Indianapolis Star

April 30, 2014 Updates
April 29, 2014 Updates

Herb Simon: “I wholeheartedly endorse Commissioner Adam Silver’s swift, strong and decisive action with regard to Donald Sterling. These past days have been both sad and disturbing for the NBA family. It is our responsibility to continue as models of the diversity and inclusion the NBA has long and justly represented.” NBA.com

December 9, 2013 Updates

Scott Agness: Pacers owner Herb Simon is very proud of his team’s 18-3 start. "It’s been enjoyable. Last night wasn’t much fun though." Twitter @ScottAgness

September 16, 2013 Updates

There are 12 other NBA owners on the list, including Kroenke (Nuggets), Micky Arison (Heat, $5.9 billion), Dan Gilbert (Cavaliers, $3.9 billion), Charles Dolan (Knicks, $3.3 billion), Tom Gores (Pistons, $2.7 billion), Mark Cuban (Mavericks $2.5 billion), Josh Harris (Sixers, $2.5 billion), Robert Pera (Grizzlies, $1.95 billion), Herb Simon (Pacers, $1.95 billion), Donald Sterling (Clippers, $1.9 billion), Glen Taylor (Timberwolves, $1.7 billion) and Benson (Pelicans). ESPN.com

June 26, 2013 Updates

Larry Bird, who took a year off to deal with physical issues and to clear his mind, agreed Wednesday to return to the Pacers as the organization’s top man. He will start Monday. “He’s got plenty of rings of his own, now I want him to win one for me,” Pacers owner Herb Simon told The Star. “He’s got his energy back, his health back and he’s raring to go.” The Pacers will formally announce Bird’s return in a press conference at 10 a.m. Thursday. Indianapolis Star

June 19, 2013 Updates

Do you have a timeline for the possibility of Larry Bird returning as president and when that situation might be handled? Herb Simon: “I think it’ll be resolved shortly. I’m sure he’s thinking about it. We’ll see what happens. I’ll be in next week and we’ll try to get things resolved. I’ll be coming in for the draft and we’ll be spending some time and we’ll talk about a lot of things.” NBA.com

June 13, 2013 Updates
June 7, 2013 Updates
May 29, 2013 Updates
May 27, 2013 Updates
May 7, 2013 Updates

Walsh said yesterday he would return if Bird doesn’t and owner Herb Simon wants him to. “I like this but I don’t need to do it,’’ Walsh said. Walsh said he will definitely run the draft in June. The Pacers general manager is highly regarded Kevin Pritchard. Last month, in a visit at the Garden, Walsh told The Post, “I took this job because Larry [Bird] wanted a year off. If Larry wants to come back, I’m out. I’m leaving.’’ New York Post

Walsh said he feels Bird might want to make a comeback after resting his bad shoulder. Walsh said yesterday he would return if Bird doesn’t and owner Herb Simon wants him to. “I like this but I don’t need to do it,’’ Walsh said. Walsh said he will definitely run the draft in June. The Pacers general manager is highly regarded Kevin Pritchard. Last month, in a visit at the Garden, Walsh told The Post, “I took this job because Larry [Bird] wanted a year off. If Larry wants to come back, I’m out. I’m leaving.’’ New York Post

April 28, 2013 Updates

The 12 owners on the NBA's relocation/finance committee will make the recommendation on the future of the Kings: • Peter Holt, Spurs (chairman of the board of governors) • Micky Arison, Heat • Clay Bennett, Thunder • Jeanie Buss, Lakers • James Dolan, Knicks • Wyc Grousbeck, Celtics • Ted Leonsis, Wizards • Greg Miller, Jazz • Robert Sarver, Suns • Herb Simon, Pacers • Larry Tanenbaum, Raptors • Glen Taylor, Timberwolves Sacramento Bee

September 17, 2012 Updates

Yes, many franchises have sold for more than that over the years. But the Silnas haven't had to pay a single coach, player, usher, secretary, PR person or janitor a dime since 1976. That $250 million is pure profit. "Worst deal in the history of sports," lamented a team official of one of the teams Friday, "and unfair to start four teams in the hole every year ... it's an issue that no one really wants to deal with except the four teams, so it kind of keeps getting pushed to the exterior." Pacers owner Herb Simon told Forbes Magazine last year, "something went wrong somewhere. The intent of the deal was not to have it in perpetuity. It was to compensate them for the loss of their franchise. It's just an egregious situation now." NBA.com

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