Former Tar Heel Donnie Walsh replaces Larry Bird as Pacers' president Posted Jun 27, 2012 Larry Bird has officially parted ways with the Indiana Pacers. Citing health issues, the 55-year-old Bird announced his decision on Wednesday, one day before the NBA draft. The Pacers also announced a pair of other front-office changes, confirming Donnie Walsh's return to the franchise as president of basketball operations. (ESPN.com)