BREAKING NEWS: Reggie Miller, Indiana Pacers basketball legend, returns as co-owner. The Herb Simon family, owners of the Indiana Pacers, have announced that the renowned shooting guard from Texas Tech Red Raiders will return to the franchise as a co-owner in 2025

Reggie Miller Set to Join Indiana Pacers Ownership Group in Monumental 2025 Return

In a move that blends legacy with leadership, the Indiana Pacers have announced that franchise icon Reggie Miller will return to the organization in 2025—not as a player or commentator, but as a co-owner. The decision marks a historic chapter in the team’s evolution and solidifies Miller’s deep-rooted connection to the franchise that defined his Hall of Fame career.

The Herb Simon family, longtime owners of the Pacers, confirmed the landmark agreement and welcomed Miller back into the fold with open arms. The partnership is more than symbolic; it represents a reunion of vision, passion, and championship ambition.

Miller, widely considered the greatest player in Pacers history, spent his entire 18-year NBA career in Indiana. Known for his clutch shooting, fearless mentality, and fierce loyalty, he became the face of the franchise during the 1990s and early 2000s, earning five All-Star selections and a reputation as one of the league’s premier sharpshooters.

Now, nearly two decades after his retirement, Miller is returning not just to relive memories but to help shape the future of Indiana basketball. His transition from player to part-owner is being hailed as a full-circle moment that will inspire generations of fans and players alike.

The official statement released by the team emphasized Miller’s new role as both an ambassador and decision-maker. His ownership stake will grant him input on basketball operations, marketing strategies, and community initiatives, aligning with his lifelong love for the franchise and the city of Indianapolis.

For Miller, the opportunity is deeply personal. “Indiana is home. The Pacers are family,” he said in a statement. “This team helped define my life, and I want to help define its future. I believe in what we’re building here.”

This return is particularly special for the Pacers fanbase, many of whom grew up watching Miller sink buzzer-beaters and lead playoff runs. The announcement has already stirred massive excitement across social media, with fans expressing their joy and gratitude for the legendary guard’s renewed involvement.

Pacers Chairman Herb Simon praised Miller’s enduring influence and called the move “a natural evolution.” He noted that Miller’s understanding of basketball culture, media presence, and devotion to Indiana made him the perfect figure to join the ownership group during this pivotal period.

Current and former players have chimed in with congratulations and reflections on what Miller’s presence means for the franchise. Several young players on the roster cited him as their inspiration growing up, and now they’ll have a chance to learn from him up close.

Coach Rick Carlisle welcomed the announcement, saying that Miller’s competitive mindset and leadership will bring valuable insight to the organization. “No one embodies Pacers basketball more than Reggie,” Carlisle noted. “He’s a legend, but more than that, he’s a leader.”

Miller’s rise from a lanky rookie once doubted by critics to the greatest Pacer of all time is part of the mystique that makes this ownership role so compelling. His return to the franchise adds both credibility and fire to the team’s long-term plans.

His involvement may also impact the way the Pacers approach player development and free agency. Having a respected legend within ownership can serve as a major draw for players considering Indiana as a destination.

League analysts are already speculating that this partnership will inspire similar moves across the NBA, where former stars step into executive or ownership roles to stay involved with the game and give back to their former teams.

Beyond basketball, Miller’s influence in the community is likely to grow. He has long been involved in charitable efforts throughout Indiana, and his new role could help amplify those causes. The Pacers expect him to spearhead several civic and youth development initiatives.

Miller will retain his national media role as an NBA analyst for the time being, but insiders say he plans to scale back broadcast duties to focus more intently on his responsibilities with the Pacers. This signals just how serious he is about his new role.

The partnership between Miller and the Herb Simon family has always been one of mutual respect. During his playing days, Simon supported Miller through highs and lows, and now that relationship continues on a more strategic level.

Pacers president Kevin Pritchard spoke highly of the reunion, noting that Reggie’s influence on team culture is already being felt. “When you walk through the halls and see Reggie’s jersey in the rafters, it inspires you. Now, knowing he’s behind the scenes too, it changes everything,” Pritchard said.

Fans attending games at Gainbridge Fieldhouse can expect to see more of Miller at courtside and around the organization. Plans are underway to feature his story more prominently in the arena’s decor and branding.

The timing of Miller’s return coincides with a renewed energy around the Pacers, especially following playoff breakthroughs and the emergence of young stars. His presence adds gravitas and reinforces the team’s intent to chase a title in the coming years.

Many in the basketball world believe this is only the beginning of Miller’s off-court legacy. There’s speculation that he could one day lead larger ownership initiatives or even take on a more executive leadership position within the NBA ecosystem.

The league office has applauded the move, viewing it as a model example of franchise-legend partnerships that benefit not only the team but the broader NBA community. Commissioner Adam Silver commended Miller’s decision to reinvest in Indiana.

Miller’s return is a reminder that loyalty, legacy, and leadership can still shape the modern sports landscape. While the NBA is often driven by player movement and financial decisions, his story provides a counterpoint grounded in heart and heritage.

His deep understanding of the Pacers fanbase is expected to play a critical role in future branding and engagement efforts. Miller has always been known as someone who could rally a crowd, and now he’ll be helping to build the team that takes the floor.

Young players entering the league now have an example of a career that doesn’t end with retirement. Miller’s journey from All-Star to Hall of Famer to owner sets a new standard for how players can remain impactful long after hanging up their sneakers.

This move also opens the door for similar announcements across other sports. The idea of icons returning as owners is growing in popularity, and Miller’s return could serve as a catalyst for a broader trend.

What makes this moment especially meaningful is that it isn’t just about nostalgia. The Pacers are positioning themselves as contenders, and Miller’s role is strategic and forward-thinking. He’s not just back for a victory lap—he’s back to help win.

Indiana’s basketball culture has always valued grit, community, and passion. Reggie Miller personifies all of these traits, and his return strengthens the Pacers’ identity at a time when many teams are searching for one.

With this bold step, the Pacers are signaling that the future is rooted in the greatness of their past. And Reggie Miller, forever a legend, is once again part of building something special in Indiana.