Found April 27, 2012 on Sports-Glory:
Indiana Pacers president Larry Bird told owner Herb Simon he will not return next season, reports CBSports.com. From CBSSorts.com: Bird, 55, had an agreement with Simon to remain team president through the end of the season and decide his future then. The Hall of Famer has been clear in conversations with friends that Simon does not need to wait any longer before formally considering candidates to replace him, one of the sources said.

Bird is said to be "100 percent" certain he's leaving after the most successful season of the Pacers' post-Palace brawl rebuilding, one of the sources said, but has been extremely guarded publicly about his intentions. The Pacers (42-24) have been one of the surprise teams of the lockout-shortened season, securing the No. 3 seed in the East and hosting the Magic in the first round beginning Saturday.
Former Pacers' president Donnie Walsh has been granted permission from the New York Knicks to speak with other teams about front-office positions.  Walsh could re-join the Pacers and replace Bird.   Walsh and Bird worked together when Bird became the Pacers' president in 2003.  Walsh left in 2008 to become the Knicks president.  
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