Pacers face uncertain future at Conseco Fieldhouse

[graphic-er]

Re: Pacers face uncertain future at Conseco Fieldhouse

Personally I'd have no problem paying an extra user fee on the ticket prices, but it seems that people just scoff at the idea of paying an extra $2 per ticket. But something like that would would go pretty far in taking care of the costs.

[duke dynamite]

Re: Pacers face uncertain future at Conseco Fieldhouse

I believe technically the lease can't be "nothing" so 1 dollar is the typical "valid contract" number used in these situations.

Who said it had to be a "lease"?

[Lord Helmet]

Re: Pacers face uncertain future at Conseco Fieldhouse

As are the Pacers currently. Didn't the terms of Indiana Fieldhouse "guarantee" the team would stay in Indiana through at least the 2018-19 season (twenty years)? If that's the case, this is all nonsense anyway.

But its non-nonsense. There are "exit" payments to break a lease, and I'm sure that LA County/ City of Industry would be willing to advance those funds to the owner of the NFL team about to break a lease to relocate there. I don't know if King County/ Seattle feels the same way about a basketball team.

I am too young to remember those terms, but yeah, there are always going to be loop holes, I suppose.

[Bball]

Re: Pacers face uncertain future at Conseco Fieldhouse

As are the Pacers currently. Didn't the terms of Indiana Fieldhouse "guarantee" the team would stay in Indiana through at least the 2018-19 season (twenty years)? If that's the case, this is all nonsense anyway.

But wasn't that contingent on this contract clause that is being dealt with now?

[chrisjacobs7]

Re: Pacers face uncertain future at Conseco Fieldhouse

Why?

If the Pacers are going to treat this as a business and say they can't afford to pay the $15mil/yr in operating costs, then the CIB should treat it as a business and make the Pacers pay whatever they can determine as a fair market value for a lease. I agree with the people who say the city can't afford to let the Pacers leave, but at the same time I don't think the city should just bend over and take whatever the Pacers give them.

[Bball]

Re: Pacers face uncertain future at Conseco Fieldhouse

Personally I'd have no problem paying an extra user fee on the ticket prices, but it seems that people just scoff at the idea of paying an extra $2 per ticket. But something like that would would go pretty far in taking care of the costs.

Yes but simple economics tells us you can't raise the price of a luxury item where it's already tough to sell said item.

Can the increase in funds per ticket offset the loss in overall sales?

Even if 2.00 is arguably inconsequential overall (which is not really true since every penny counts) it's also stigmatizing to be raising prices in a bad economy for a product that is less than the best.

[focused444]

Re: Pacers face uncertain future at Conseco Fieldhouse

Come on David Stern one lottery ball fixes everything. You know what you need to do.

[Kstat]

Re: Pacers face uncertain future at Conseco Fieldhouse

Come on David Stern one lottery ball fixes everything. You know what you need to do.

ok, i'll bite. Who actually thinks John Wall would fix this situation? Seattle threw Kevin Durant a freaking parade when they landed him, and did that help anything?

[BRushWithDeath]

Re: Pacers face uncertain future at Conseco Fieldhouse

ok, i'll bite. Who actually thinks John Wall would fix this situation? Seattle threw Kevin Durant a freaking parade when they landed him, and did that help anything?

This situation is not 1/100th as dire as Seattle was at that point. They were already out the door when they got KD.

[focused444]

Re: Pacers face uncertain future at Conseco Fieldhouse

ok, i'll bite. Who actually thinks John Wall would fix this situation? Seattle threw Kevin Durant a freaking parade when they landed him, and did that help anything?

I guess what I meant was that winning basketball is ultimately the best thing for the Pacers. If they are winning the people would be more inclined to support the team financially, right? The Seattle situation was much different because it hinged on the Sonics getting an entire new stadium very shortly after they spent millions to renovate the Key arena. The Pacers have what is considered one of the best venues. To me that makes the Pacers situation a little more solvable.

[Gamble1]

Re: Pacers face uncertain future at Conseco Fieldhouse

Personally I'd have no problem paying an extra user fee on the ticket prices, but it seems that people just scoff at the idea of paying an extra $2 per ticket. But something like that would would go pretty far in taking care of the costs.

Well if you do the math its about 1.5 million and thats assuming you sell out every home game so no its not a long ways.

What exactly am I misconceiving here?

Do I think the Pacers are worth a lot of money to the city? Sure but so are all the insurance companies, research and development companies etc etc..... Do we pay for their utilities and leases? We may give them tax breaks but we are not building their facilities and paying for their operation cost.

The Colts swindled this city and now the Pacers want an out or they will take their ball and go somewhere else... Personaly I would vote to keep the Pacers here but lets call it for what it is.

Edit: By making this statement I am not trying to dramatize this discussion but I just want to add perspective to why this irks me.

Even though I would pay an extra tax to keep the Pacers here I sure wouldn't want my 80 year old widowed grandmother who lives near 38th and Keystone to pay for my or anyone elses entertainment.

[graphic-er]

Re: Pacers face uncertain future at Conseco Fieldhouse

Well if you do the math its about 1.5 million and thats assuming you sell out every home game so no its not a long ways.

What exactly am I misconceiving here?

Do I think the Pacers are worth a lot of money to the city? Sure but so are all the insurance companies, research and development companies etc etc..... Do we pay for their utilities and leases? We may give them tax breaks but we are not building their facilities and paying for their operation cost.

The Colts swindled this city and now the Pacers want an out or they will take their ball and go somewhere else... Personaly I would vote to keep the Pacers here but lets call a spade a spade.

Well the $2 user fee would be for all CIB properties and events taking place there. The idea would be to pay for these shortfalls in accounting, and also hopefully build up a rainy day fund. $2 is really an arbitrary number though. I'm just saying there needs to be a user fee. Then it falls under something like a sin tax, you aren't paying it unless you use it.

And your misconceptions are that the city would just subsidize the Pacers and pay their light bill. Who pays the light bill when the rodeo is in town? Or the Circus? Right now its the Pacers. They just don't want that burden anymore. Part of unloading that will most likely mean paying some money to CIB every year to cover their costs too.

[duke dynamite]

Re: Pacers face uncertain future at Conseco Fieldhouse

I like the rodeo...

[Sollozzo]

Re: Pacers face uncertain future at Conseco Fieldhouse

ok, i'll bite. Who actually thinks John Wall would fix this situation? Seattle threw Kevin Durant a freaking parade when they landed him, and did that help anything?

Seattle was just a year away from moving when they got Durant. That's not even close to the situation going on here.

[Kraut N Beer]

Re: Pacers face uncertain future at Conseco Fieldhouse

I was listening to the Eddie White show (reliable source?) and he mentioned that there are many NBA teams bleeding money (true) and that 20 of them were for sale. That number sounds like an exaggeration, but you do wonder who will be willing to shell out a lot of money for the Pacers and move them to another city with the current economic climate and upcoming labor rift.

You also have to consider which major markets are big enough to adaquetely support a team and if any cities are actively recruiting and wooing a franchise. Las Vegas (yes) Seattle (maybe), San Diego?, St. Louis?, Tampa?, Baltimore?, San Jose?, Nashville? I probably have missed a couple of cities, but that is a slim group of landing spots.