The AP reports:

The Indiana Pacers still are renegotiating the team’s lease of Conseco Fieldhouse with a Wednesday deadline approaching…

The CIB owns Conseco Fieldhouse, where the Pacers play home games and have been paying $15 million per year in operating costs. The team is approaching an option period in the lease, and the CIB has said the team could move, be sold or shut down if a resolution isn’t reached…

Team president of basketball operations Larry Bird has said he has received calls from people who want to move the team, though team owner Herb Simon has maintained that he wants the team to remain in Indiana.