2024–25 Indiana Pacers season

The 2024–25 Indiana Pacers season was the 58th season of the franchise and the 49th season in the National Basketball Association (NBA). Rick Carlisle returned for his eighth season as head coach. The Pacers sought to build off their previous playoff success by advancing to the NBA Finals for the first time since the 1999–2000 season.

During free agency, the Pacers re-signed Pascal Siakam to a four-year, $189.5 million contract. The team lost free agent backup centers Jalen Smith to the Chicago Bulls and Oscar Tshiebwe to the Utah Jazz, while also losing James Wiseman and Isaiah Jackson to season-ending achilles ruptures.

On April 1, 2025, the Pacers clinched their second consecutive playoff berth in the 2025 NBA playoffs following the Portland Trail Blazers victory over the Atlanta Hawks. On April 10, the Pacers clinched the fourth seed in the playoffs following a 114–112 win over the Cleveland Cavaliers and recorded their first 50-win season since 2013–14 with a 126–118 win over the Cavaliers on April 13.

In the first round, the Pacers defeated the Milwaukee Bucks in five games, advancing to face the top-seeded Cleveland Cavaliers in the conference semifinals; the Pacers eliminated Cleveland in five games, advancing to a second straight Eastern Conference finals. This was the first time since the 2013–14 NBA season that the Pacers have advanced to consecutive conference finals, and their 10th NBA conference finals appearance overall. Facing the New York Knicks for the ninth time in their history, Indiana won the series in six games to advance to the NBA Finals for the second time in franchise history, matching up with the 68-win Oklahoma City Thunder, where they lost in seven games. In the decisive Game 7 of the Finals, star point guard Tyrese Haliburton tore his Achilles tendon in the first quarter, and he is expected to miss all of next season.

The 2024–25 Pacers were well known for their unexpected comebacks throughout the playoffs, such as Game 5 against the Bucks, Game 2 against the Cavaliers, Game 1 against the Knicks, and Game 1 of the Finals against the Thunder. Due to their comebacks, the level of competition they had to face, such as both #1 seeds, the Cavaliers and Thunder, and Haliburton's astounding clutch performance throughout the playoffs, such as three game-winners vs. Milwaukee, Cleveland, and Oklahoma City, and a game-tying shot vs. New York, the Pacers were widely considered to have one of the most improbable playoff runs in NBA history.