Indiana Pacers star Victor Oladipo will drive the pace car in the Indianapolis 500.

The Pacers and CNO Financial Group announced Tuesday that the company will not renew its naming-rights contract after it expires.

He was the head coach from 1984-86 and was an interim head coach in 1988.

The Pacers will face the Cleveland Cavaliers in the first round of the playoffs.

The Pacers will pay for construction of the building on land owned by Indianapolis' Capital Improvement Board. It's scheduled to open in 2017.