I thought that the $1 per year deal was only for the first five years. I could very well be wrong, however. I live in Evansville, and I don't follow that side of operations as much as a resident of Marion County would.
On one level, I highly doubt they will move based on their long-term success in the Indianapolis market. On another level, it is an attendance-driven franchise, and attendance has been at all-time lows. (I don't know the specifics of the Pacers' tv deal with FOX, but it can't be that lucrative, considering how many other small markets FOX has tied up in FOX Midwest.)