The basketball + P is a nice signature but they've gone and wrapped it in the trendy/played-out circle "seal". Also strange that for a team with a logo that is the first letter of their name, the wordmark doesn't match the style of the P in the logo.
Easy remedy for all that - do the things we weren't seeing! Ditched the ornamental type around the P to bring their signature element front and center, and created a custom logotype from the P
The custom lettering allows for a nice little secondary PACERS logo; also including black-on-white vintage indy-style race numbers.