Larry Bird parts ways with Pacers

Associated Press
FILE - This May 12, 1997 file photo shows Larry Bird speaking as the new coach of the Indiana Pacers,  at a news conference in Indianapolis. The Pacers have parted ways with Bird. Owner Herb Simon announced the move Wednesday, June 27, 2012, one day before the NBA draft. (AP Photo/Tom Strattman, File)

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Larry Bird is calling it quits with the Indiana Pacers. Bird, perhaps the most respected and beloved basketball figure in a state obsessed with the sport, will leave his job as the Pacers' president of basketball operations at the end of August 2012.

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