BREAKING: Former NBA Star Walt Frazier Becomes Part Owner of the Indiana Pacers…

BREAKING: Former NBA Star Walt Frazier Becomes Part Owner of the Indiana Pacers…

In a move that sent shockwaves through the basketball world, Hall of Famer and legendary New York Knicks guard Walt “Clyde” Frazier has officially joined the ownership group of the Indiana Pacers.

The announcement came during a surprise press conference at Gainbridge Fieldhouse, where Frazier, now 80 but still as stylish and sharp as ever, stepped up to the podium in a custom Pacers-blue three-piece suit with a wide smile and a trademark fedora.

“Basketball’s been my life,” Frazier said, his voice smooth as ever. “And though I made my name in New York, the game is bigger than one city. It’s about legacy, leadership, and lifting up the next generation. That’s what this is about.”

Sources say Frazier had been in quiet talks with Pacers owner Herb Simon for months, exploring ways to remain actively involved in the league without returning to coaching or broadcasting. The opportunity to become a minority owner emerged as part of a broader effort to bring more former players into front office and ownership roles.

Reactions around the league were swift and overwhelmingly positive. “Clyde’s a legend,” said Pacers star Tyrese Haliburton. “To have someone with his experience and insight around the organization—it’s a win for everybody.”

The partnership also comes with a mission. Frazier will reportedly help spearhead a player mentorship program within the Pacers organization, focusing on financial literacy, community involvement, and long-term career planning.

“This isn’t just about equity,” Frazier said with a grin. “It’s about impact. I’m here to help these young guys build dynasties—on and off the court.”

With the move, Frazier becomes one of the few former NBA players to hold a stake in a franchise he never played for—proving once again that his influence on the game knows no boundaries.

And just like that, the man who once dominated the hardwood in Madison Square Garden is now suiting up for a whole new role—this time, in the boardroom.