The Beginning Years
Way back in 1967, a group of wealthy investors in Indiana decided it was time to buy a franchise with the American Basketball Association (ABA) to bring professional basketball to Indiana. The team name, the Pacers, had two inspirations: The history of horse racing in Indiana and the well-known pace car from the Indy 500 race. Despite disagreements about the team’s official location, “Indiana” was eventually added to the team’s name.
The first few years as a team in the ABA was filled with success, advancing to the ABA Finals an astounding 5 times and clinching the title during the 1970, 1972, and 1973 seasons. These achievements were in part due to head coach Bob Leonard as well as professional basketball veterans like Mel Daniels and George McGinnis. Yet, the Pacers’ unrivaled accomplishments in the ABA were eventually moot after the ABA-NBA merger in 1976.
The most successful team in the ABA suddenly had issues with their on-court product and finances. That’s because it cost the franchise over $3 million to join the NBA and lacked ticket sales necessary to remain financially afloat. To further demonstrate the bad luck, the team consistently ended up on the short-end of deals, trading away players that turned out to be standouts and drafting busts.
The early 1980s were loaded with struggle for the once-thriving Indiana Pacer. They were unable to surpass 26 victories in a single season for several years straight. The down-on-their-luck Pacers were able to turn their misery around, drafting Reggie Miller from UCLA in 1987 and Detlef Schrempf in 1989. Schrempf became one of the most important players in the early 1990s, even advancing to the All-Star game.
The 1990s meant drafting players like Reggie Miller and recruiting NBA standout Larry Bird as the team’s head coach. Bird was able to lead the team to an unprecedented 58-24 record, though his position as head coach didn’t last long. The coaching role was eventually handed over to the current Hall of Famer Isiah Thomas during the early 2000s. The Pacers eventually made it to the NBA Finals during the 2000 season, the first time since 1975.