Pacers reach agreement with Indianapolis

Basketball Betting Lines

07/12/2010 - Indianapolis, IN (Sportsbook Betting Lines) - The Indiana Pacers and the city of Indianapolis have reportedly reached an agreement that will keep the team in Conseco Fieldhouse for at least three more seasons.

According to the Indianapolis Star, the city will contribute $10 million annually over the next three years in costs to help the Pacers run the operations of Conseco Fieldhouse and will pay at least $3.5 million for improvements to the building.

The Pacers, in turn, must remain in the city through the 2012-13 season or repay the entire $30 million. The contract with the city and the arena expires in 2019. If the team leaves after the initial three-year period and before 2019, it would also be responsible for paying back the city a portion of the $30 million, plus the estimated $20 million in termination fees called for in the contract.

Pacers owner Herb Simon purchased the team with his late brother, Melvin, in 1983.

The Star said Simon wants a long-term agreement with the city, despite the fact that the team loses an estimated $30 million per year.

Indiana was just 32-50 last season and missed the playoffs for a fourth straight year.

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MySportsbook.com Releases World Series Championship Lines

New York Yankees and Chicago White Sox early favorites to win 2008 World Series
The Major League Baseball season starts this weekend and MySportsbook.com, a leading online sportsbook for over 8 years, is the first to offer baseball sports betting lines on who will win the 2007 World Series.

"The World Series is the biggest baseball event in the sports betting world and MySportsbook.com is excited that we are first to market with betting lines on every team," says Tim Dalton, Marketing Director, MySportsbook.com. "We are getting things ready for a great baseball season and our members are looking forward to our Player Payback Bonuses, as well as Dime Lines, all season long."

Going in to this weekend, MySportsbook.com's favorites to win the World Series are the New York Yankees at 7-2 and last year’s winners the Chicago White Sox at 9-2.

"These betting lines are ripe for the picking," Dalton added, "baseball fans know that the season is long and many factors, including players staying healthy, will affect these Future odds as the baseball season progresses. Betting on your favorite team in the beginning of the season could prove quite lucrative. We are seeing examples of this right now in the NCAA College Basketball Tournament with a lucky few that placed pre-season bets on George Mason to win it all. Anything can happen."

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