Herb Simon Rumors

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.”
via Indianapolis Star
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.
via 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.”
via Indianapolis Star
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).
via ESPN.com
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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.
via Indianapolis Star
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.’’
via 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.’’
via New York Post
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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
via Sacramento Bee
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.”
via NBA.com
The Indiana Pacers have announced that David Morway has resigned as general manager. “For the past year I have carefully and thoughtfully considered my personal, family and professional goals,” Morway said in a statement released by the team. “After discussing all of these issues with our owner Herb Simon and (president) Larry (Bird), I believe this is the right time to step away. “I want to thank Mr. Simon, Larry, (former team president) Donnie Walsh and (president) Jim Morris for the opportunity they gave me and the friendship and mentorship they provided.”
via Indianapolis Star