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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)

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)

Larry Bird parts ways with Pacers

June 27, 2012

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.