Here is a note from a insider with the Pacers, may explain what happened today a little better
I found out today that Larry Bird told Steven Jackson over the summer that he was on a zero tolerance policy. Bird made it very clear that if Jackson didn't get his head on straight, then he would be out of here. In light of the recent events....
Larry Bird issued a meeting today between TPTB and the advisers. During the over 2 hour meeting, they weighed all their options. Things the Pacers will be looking for at first are any possible trades of SJax, then if their hands are tied there, they will look to initiate some sort of buyout.
However they will have to let the legal process take its place, because IF Jackson IS convicted of a felony, then his contract can be voided by the team. To my understanding, the team is not responsible for paying the remaining contract nor does the salary count against the cap. Committing a felony is a violation of the player's contract and is subject to be terminated.
The decision to hold Jackson out of practice was made by all the advisers and Top Brass, it was not just Larry Bird's call. (Although he did have the most say in it.) Whether Jackson will be held out of more practices/games is up to Bird. At this time however, Jackson's immediate return is considered "unlikely."
After the events that took place today, I strongly believe that Jackson will be gone and may even have to sit out similar to Artest's situation.
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