Larry Bird will remain as the Indiana Pacers president of basketball operations with David Morway staying on as general manager of the NBA club, team owner Herb Simon announced on Tuesday.

The Pacers went 37-45 this past season and were ousted by NBA regular-season wins leader Chicago in the opening round of the playoffs.

"I'm quite pleased with the success we experienced this past season and pleased with the direction our team is going," Simon said. "I'm glad Larry is staying to help us continue in the positive direction we are going."

Bird, a college star in his native Indiana who became an NBA legend during his playing days with the Boston Celtics, coached the Pacers from 1997 through 2000 and took on his current job with his home-state club in 2003.