Steven Rales has agreed to buy a 15 percent stake in the Indiana Pacers at a valuation of $3.47 billion. Rales had already owned five percent of the Pacers, which brings his total stake in the franchise to 20 percent. The deal includes a possible path to control for Rales should the Simon family ever choose to sell, according to two of the people. That could be the standard … [Read more...] about Steven Rales Buys 15 Percent Stake In Pacers At $3.47 Billion Valuation
Bucks-Knicks, Pacers-Celtics To Play In East Knockout Round Of In-Season Tournament
The Milwaukee Bucks are the No. 1 seed in the knockout round of the In-Season Tournament in the Eastern Conference and will play the New York Knicks. The Bucks were the East Group B winner, while the Knicks advanced out of East Group B as the wild card. The Indiana Pacers will host the Boston Celtics in the other knockout round game in the Eastern Conference. The Pacers won … [Read more...] about Bucks-Knicks, Pacers-Celtics To Play In East Knockout Round Of In-Season Tournament
Daniel Theis Gave Up $2.2M In Buyout, Pacers Can Create Up To $9.7M In Cap Space
Daniel Theis gave up nearly $2.2 million in his buyout with the Indiana Pacers, a source told Keith Smith of Spotrac. The amount is the same as what Theis will sign with the Los Angeles Clippers once he clears waivers. The Pacers can now create up to $9.7 million in cap space this season. … [Read more...] about Daniel Theis Gave Up $2.2M In Buyout, Pacers Can Create Up To $9.7M In Cap Space
Daniel Theis Agrees To Buyout With Pacers, Plans To Sign With Clippers
Daniel Theis has agreed to a contract buyout with the Indiana Pacers and plans to sign with the Los Angeles Clippers. The Clippers recently lost Mason Plumlee to a sprained MCL and isn't expected to return for several weeks. Theis had $7.8 million remaining on his $9.1 million this season. Theis is represented by Aaron Mintz and Steven Heumann of CAA. Mintz also represents Paul … [Read more...] about Daniel Theis Agrees To Buyout With Pacers, Plans To Sign With Clippers
Jalen Smith Taken To Hospital With Head Injury
Jalen Smith was taken to the hospital after suffering a head injury during the Indiana Pacers' 132-126 win over the Philadelphia 76ers. Smith was knocked down in a collision during the second quarter. The Pacers announced that Smith was taken to the hospital "out of an abundance of caution." The team did not have any further updates on Smith's condition following the game. The … [Read more...] about Jalen Smith Taken To Hospital With Head Injury