NBA Betting: Larry Bird Resigns at Pacers President

Basketball Betting NewsLarry "The Legend" Bird is the only person ever to have been a NBA Betting Most Valuable Player, Coach of the Year and Executive of the Year. Apparently he has decided to step down from the position that afforded him that last honor as President of the Indiana Pacers.

Bird is expected to make the announcement today amid speculation former Pacer CEO Donnie Walsh is waiting in the wings to reclaim the teams top spot. Reports also indicate possible health concerns involving Bird.

Bird, at the age of 55, is the reigning Exec. of the year and earned one million dollars annually as the teams President. Just last month Bird joked with reporters about his desire to return.

He has operated under a handshake agreement with Indiana owner Herb Simon from year to year after taking over as President in 2003. That type of down home business deal tells you all you need to know about the kid from French Lick Indiana. That being said, Bird did tell reporters a three year contract would be ideal with the uncertain status of the Pacers.

He coached the team from 1997 to 2000. The Pacers surprised many by finishing with the third best record in the NBA Eastern conference behind only Chicago and Miami. Many thought they would give the Heat a run for their money in the playoffs, but that dream ended when eventual champ, Miami, eliminated them in the semi-finals.

Prior to the Online Betting season, Bird acquired Indy native George Hill, along with Leandro Barbosa in trades and signed David West for twenty million dollars over two years as a free agent. They now have six members of the team eligible for free agency and the draft of college talent coming this week. Reports indicate Bird will take at least next year off before deciding whether or not he would like to continue his illustrious National Basketball Association career.

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