Herbert Simon, the esteemed owner of the Indiana Pacers, is a name synonymous with resilience and community spirit in the world of professional basketball.
Since acquiring the team in 1983, he has not only navigated the ups and downs of the NBA but has also played a crucial role in shaping the franchise’s identity and its connection to Indianapolis.
Beyond his business acumen, Simon’s life is filled with fascinating anecdotes and achievements that reflect his passion for sports, philanthropy, and civic engagement.
In this article, we delve into some intriguing facts about Simon that highlight his unique contributions to basketball and beyond, showcasing how one man’s vision can leave a lasting impact on a city and its culture.
Indiana Pacers ownership
Simon has been the owner of the Indiana Pacers since 1983, when he and his late brother Mel purchased the team for $11 million.
This decision was pivotal in keeping the franchise in Indianapolis during a time of uncertainty.
Over the decades, Simon has transformed the Pacers into a respected organization, now valued at approximately $3.47 billion.
Recently, he agreed to sell a 20% stake to Steven Rales, while retaining family control over the franchise.
Simon’s commitment to community and philanthropy has solidified his legacy as one of the longest-tenured owners in NBA history.
With that said let’s have a look at some interesting facts about Herb Simon;
1. Simon became the owner of the Indiana Pacers in 1983, purchasing the team for $11 million with his brother Mel.
2. He is the longest-tenured owner in NBA history, having led the franchise for over 40 years.
3. Under Simon’s ownership, the Pacers have grown significantly, now valued at approximately $3.47 billion.
4. Simon was instrumental in keeping the Pacers in Indianapolis during a time of uncertainty about the franchise’s future.
5. He founded Simon Property Group, one of the largest real estate companies in the U.S., which specializes in shopping malls.
6. The Simon family has consistently committed to community engagement and philanthropy in Indiana.
7. Herbert Simon’s son, Stephen, plays an active role in the franchise as an alternate governor.
8. The Pacers have expanded under Simon to include the Indiana Fever (WNBA) and Indiana Mad Ants (G League).
9. The franchise underwent a $360 million renovation of Gainbridge Fieldhouse during his ownership.
10. Simon has a hands-off management style, empowering executives like Larry Bird and Kevin Pritchard to lead basketball operations.
11. He recently agreed to sell a 20% stake in the Pacers to Steven Rales, maintaining family control over the franchise.
12. Simon’s leadership has been recognized as transformative, helping establish the Pacers as a model franchise.
13. He was nominated for the Naismith Basketball Hall of Fame as a contributor in 2024.
14. Simon is known for his legendary acts of philanthropy but prefers to remain out of the spotlight.
15. He was born on October 23, 1934, making him 89 years old as of now.
16. The Pacers have consistently aimed to remain in Indiana, signing a 25-year deal with local authorities to secure their future.
17. Simon has been involved in various community initiatives, including education and health programs.
18. His business acumen extends beyond sports into various sectors including retail and real estate.
19. The Pacers Foundation supports numerous charitable causes across Indiana under Simon’s guidance.
20. He played a significant role in developing the infrastructure around Gainbridge Fieldhouse, enhancing fan experience.
21. Simon’s leadership style emphasizes collaboration and trust among team executives and coaches.
22. He has witnessed multiple eras of Pacers basketball, from Reggie Miller’s tenure to current stars like Tyrese Haliburton.
23. Simon’s commitment to diversity and inclusion is reflected in his hiring practices within the organization.
24. He has been praised by NBA Commissioner Adam Silver for his contributions to the league’s growth and innovation.
25. The Pacers are set to host NBA All-Star Weekend for only the second time under Simon’s ownership in February 2024.
26. He has navigated various challenges, including financial hurdles and competitive pressures within the league.
27. Simon has expressed a desire to see the Pacers win an NBA championship during his lifetime.
28. His family moved from New York to Indiana in the 1960s, establishing deep roots in the community.
29. The franchise has seen increased attendance and fan engagement during Simon’s tenure due to strategic marketing efforts.
30. He values transparency and communication within his organization, fostering a positive work environment.
31. Simon’s influence extends beyond sports; he is also recognized for his contributions to urban development projects in Indianapolis.
32. He believes strongly in giving back to the community that has supported him and his family over decades.
33. The Pacers have developed strong rivalries with teams like the Boston Celtics and Miami Heat under his ownership.
34. His commitment to sustainability is evident through initiatives aimed at reducing environmental impact at Gainbridge Fieldhouse.
35. Simon has been involved in mentoring young entrepreneurs through various business initiatives in Indiana.
36. His legacy includes not just basketball success but also significant contributions to improving life in Indianapolis through philanthropy and business development.
Conclusion
Simon’s journey as the owner of the Indiana Pacers is a remarkable testament to his dedication, vision, and commitment to both basketball and the community.
Over four decades, he has transformed the franchise into a respected organization while ensuring its deep roots in Indianapolis.
Simon’s focus on philanthropy, community engagement, and sustainable practices highlights his belief in giving back to the city that has supported him and his family.
As he continues to lead the Pacers into a new era, his legacy will undoubtedly inspire future generations of sports leaders and fans alike.
