Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
FORT WAYNE, Ind. (AP) — The Indiana Pacers have become the 10th NBA team to buy their D-League affiliate.
The Pacers now own the Fort Wayne Mad Ants, last year's runner-up in the NBA Development League. Terms were not disclosed Wednesday.
John Zeglis, Julie and Jeff Potter were the majority investors in the Fort Wayne Basketball Group. The team will now be owned by Pacers Sports & Entertainment, which is led by Herb Simon.
Following the announcement, the Pacers said they had hired Brian Levy as the Mad Ants' new general manager. A coaching staff has not yet been hired.
The Pacers have sent players to Fort Wayne since the Mad Ants joined the league.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.