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Pacers Reach Deal That Keeps Them In Indy

Bankers Life Fieldhouse [1]

The Pacers will continue to play basketball in Indianapolis for at least a decade under a $160 million deal the team and the city plan to announce Monday morning.

The agreement locks the team into Bankers Life Fieldhouse for 10 years, with three one-year renewal options, according to documents obtained by The Indianapolis Star. In exchange, the city will provide $160 million to cover operating costs and facility upgrades.

For more on this story visit: Tony Cook, Indy Star [2]