BREAKING NEWS: Indiana Pacers Basketball Legend Jermaine O’Neal Returns as Co-Owner In a monumental announcement, Indiana Pacers owner the Herb Simon family has officially declared that Jermaine O’Neal the legendary power forward and long-time face of the franchise, will return to the organization in 2025 as a co-owner..…view more

In a groundbreaking development that marks a new chapter in Indiana Pacers history, the Herb Simon family — longtime owners of the franchise — has officially announced that former NBA All-Star and Pacers legend Jermaine O’Neal is returning to the organization in 2025, this time as a co-owner.

The stunning revelation was made earlier today during a press conference at Gainbridge Fieldhouse, drawing widespread attention from fans, media, and the broader NBA community. O’Neal’s involvement marks a historic moment, as he becomes one of the few former players in league history to transition into ownership with the team that defined his playing career.

“Full Circle Moment”

Speaking to an emotional crowd, O’Neal reflected on his journey and what this opportunity means to him:

“This is a full circle moment for me. The Pacers are where I became a man, where I became an All-Star, and where I felt the love of a city that embraced me. Now, to return in this capacity — not just as a former player, but as a steward of this franchise’s future — is beyond humbling.”

O’Neal played for the Pacers from 2000 to 2008 and was a six-time NBA All-Star during his tenure. He led the team through some of its most competitive years in the early 2000s, including a trip to the Eastern Conference Finals in 2004. His grit, leadership, and commitment to the city of Indianapolis made him a fan favorite and a franchise cornerstone.

Historic Partnership

The Herb Simon family, which has owned the Pacers since 1983, expressed their excitement about partnering with O’Neal.

“Jermaine has always been a part of the Pacers family,” said team owner Steve Simon, speaking on behalf of the family. “His leadership, his understanding of the game, and his passion for this city make him the perfect person to help guide the next era of Pacers basketball. We’re thrilled to welcome him as a partner.”

While financial details of the ownership stake have not been publicly disclosed, sources close to the organization say O’Neal will play an active role in both business and basketball operations, helping shape the long-term direction of the franchise.

League and Fan Reactions

The NBA community has already begun reacting to the news with admiration and excitement. NBA Commissioner Adam Silver issued a statement congratulating O’Neal on the ownership milestone, calling it “a powerful example of former players shaping the league’s future.”

On social media, Pacers fans and former teammates expressed overwhelming support.

“JO back as a BOSS? That’s legendary,” tweeted former Pacers teammate Reggie Miller.

A Vision for the Future

O’Neal made it clear that his return isn’t just symbolic — it’s strategic. He spoke passionately about wanting to help build a championship-caliber team and be a mentor to the next generation of Pacers stars.

“This is about legacy. I want to help build something that lasts — for the city, for the fans, for the next generation of players who wear that Pacers jersey.”

With Jermaine O’Neal now in the front office and ownership suite, the Indiana Pacers signal not just a nod to their storied past, but a bold and inclusive step toward their future.