"This is not a shock to me as Larry has always been up front about someday stepping down," Simon said. "I thank him for all that he has done and am very pleased he is remaining with the Pacers in a different capacity."
Hall-of-Famer Larry Bird resigns as Pacers president →
"Larry is very special, tremendous integrity," Pacers owner Herb Simon told The Indianapolis Star this month. "His word means something."
AP source: Larry Bird steps down as Pacers president →